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Old 03-11-2020, 08:58 PM
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Quote:
Originally Posted by rustyp View Post
What is fair value ?
Fair value is the value that reflects discounted future earnings. Since no one knows what future earnings will be, or uses the same discount rate, fair value is the market consensus of these two factors. When the market can not reach a consensus of what fair value actually is, volatility exists, which is where we currently are.