If a Portfolio Manager Had to Estimate the Fair Value

question 57

Multiple Choice

If a portfolio manager had to estimate the fair value of illiquid mortgage-backed securities,which of the following would he/she most likely identify as the level of inputs to determine this?

• A) Level 1.
• B) Level 2.
• C) Level 3.
• D) None of these.

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Definitions:

Congenital Disorders

Health conditions or physical abnormalities present from birth, often resulting from genetic factors or environmental influences during pregnancy.

Wasting Away

A condition characterized by the gradual decline of muscle mass and body weight, often due to chronic illness or malnutrition.

Abduction

The movement of a limb or other part away from the midline of the body or from another part.

Extremities

The terminal parts of the body—the arms, legs.