SOFE Exam AFE Topic 1 Question 78 Discussion

Actual exam question for SOFE's AFE exam

Question #: 78
Topic #: 1

is the price in a hypothetical transaction at the measurement date in the market in which the reporting entity would transact for the asset or liability

AFeasible financial price

BAsset/Liability price

CPrincipal price

DExchange price

Show Suggested Answer

Suggested Answer: D

by Katie at Jun 25, 2024, 12:56 AM

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Daisy

4 months ago

C) Principal price. The principal is always right, am I right? *wink wink*

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Kanisha

4 months ago

A) Feasible financial price. Seriously, who comes up with these answer choices? I'm feeling lucky today!

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Dannie

4 months ago

B) Asset/Liability price. Hmm, I think that's the most accurate description of the question.

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Carmen

4 months ago

B) Asset/Liability price. I agree, it makes sense in this context.

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Marge

4 months ago

A) Feasible financial price

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Yoko

4 months ago

I believe it's D) Exchange price because it represents the price in the market where the transaction would occur.

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My

4 months ago

D) Exchange price. Wait, is this a trick question? I'm pretty sure that's the right answer.

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Ramonita

3 months ago

D) Exchange price. Wait, is this a trick question? I'm pretty sure that's the right answer.

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Dortha

4 months ago

D) Exchange price

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Charlette

4 months ago

C) Principal price

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Tuyet

4 months ago

B) Asset/Liability price

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Carlton

4 months ago

A) Feasible financial price

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Thomasena

5 months ago

C) Principal price. Duh, everyone knows that's the correct answer!

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Justine

3 months ago

C) Principal price. Duh, everyone knows that's the correct answer!

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Lettie

3 months ago

D) Exchange price

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Georgene

4 months ago

C) Principal price

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Paola

4 months ago

B) Asset/Liability price

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Julian

4 months ago

A) Feasible financial price

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Sharan

5 months ago

I'm not sure, but I think it could also be A) Feasible financial price.

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Lai

5 months ago

I agree with Heike, the exchange price makes sense in this context.

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Heike

5 months ago

I think the answer is D) Exchange price.

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