Values for Valuation

CFA Level II Equities
#1

What is difference between following for quick idea in exam:

1 ) Fair Market Value

  1. Fair Value for Financial Reporting Purpose.

  2. Fair Value for Litigation

  3. Market Value

  4. Investment Value

  5. Intrinsic Value

#2
#3

Galli, thank you for quick reply. Will you please further elaborate Intrinsic value?

#4

Let’s take Gold for example, how valuable is it for real world uses outside of Jewelery, dentristy and monetary uses? The answer is, very little. Which equates to having a low instristic value

Silver on the other hand has thousands of uses covering multiple industries. Thus, it has a high intristic value

#5

Galli, thank you for discussion!

#6

S2000magician, can you add something here as well?