Prior Sales of the Subject Property Should Be Noted, but Are

question 9

True/False

Prior sales of the subject property should be noted, but are always irrelevant to the value of land.

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Definitions:

In-The-Money

A term describing an option contract that has intrinsic value, meaning it would be profitable to exercise the option immediately.

Call Option

A financial contract that gives the buyer the right, but not the obligation, to buy a specified quantity of an asset at a predetermined price within a specified time period.

Stock Price

The current market price at which a share of stock can be bought or sold.

Exercise Price

The price at which the holder of an option can buy or sell the underlying asset.