What was the value of the investment at the end of year, Finance Basics

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What was the value of the investment at the end of year

Problem: A state had an investment with a cost of $600,000 that was actively traded. At the end of year1 the price of identical investment was $550,000 and the price of similar investment was $575,000. The comptroller calculated the fair vale at $525,000 based on an income approach.

What was the value of the investment at the end of year 1?

$525.000
$550,000
$575,000
$600,000

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Finance Basics: What was the value of the investment at the end of year

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