Level 5 of the Fair Value Hierarchy Estimates

question 12

Multiple Choice

Level 5 of the fair value hierarchy estimates:

• A) Market values based on quoted prices for a similar asset, with adjustments made for differences between the subject asset and the similar asset.
• B) Market values based on mathematical models that use directly-related market variables as indicators of market value.
• C) Market values based on mathematical models that use indirectly-related market variables as indicators of market value.
• D) Market values based on mathematical models that use internal business inputs as indicators of market value.

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Definitions:

MicroRNA

Small noncoding RNA that silences gene expression by hybridizing with an mRNA, thus triggering its destruction.

Complementary

Things that complete or bring out the best in each other, often used in reference to DNA strands or features that work synergistically.

Translation

The process in which cellular ribosomes create proteins, based on the information contained in messenger RNA.

Operon

Group of genes together with a promoter-operator DNA sequence that controls their transcription.