SOFE Exam AFE Topic 2 Question 70 Discussion

Actual exam question for SOFE's AFE exam

Question #: 70
Topic #: 2

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 Lorrie at Mar 07, 2024, 01:31 PM

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Rutha

5 months ago

I see your point, Hyman. The price in a hypothetical transaction should consider both the asset and liability aspects.

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Hyman

5 months ago

But wouldn't it be more accurate to say the answer is B) Asset/Liability price?

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Deandrea

5 months ago

I agree with Veronika, because that's the price at which the reporting entity would transact in the market.

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Veronika

5 months ago

I think the answer is D) Exchange price.

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Reita

5 months ago

I think I'll go with D) Exchange price as well, it just seems like the most logical choice.

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Freida

5 months ago

I see where you're coming from, Alexis, but I still believe it's D) Exchange price.

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Alexis

6 months ago

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

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Reita

6 months ago

I agree with Freida, it makes sense that it would be the exchange price.

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Freida

7 months ago

I think the answer is D) Exchange price.

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