Valuation Risk

Where is the definition of this risk type located? Can’t seem to find it in the ciriculum.

Where do you come up with this?

Its in an old exam essay question

Does the question relate to emerging markets or is it more related to financial modeling risk (i.e. inputs etc). I could probably put together a bs answer for this if the question has some more detail.

or maybe about bonds?

or valuing alternative illiquid assets?

Yeah. I could write for days on that one.