_____ value is the price at which a willing seller would sell and a willing buyer would buy in an arm's-length transaction.

Name: _____ value is the price at which a willing seller would sell and a willing buyer would buy in an arm's-length transaction.
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Fair market value is defined as the price at which a willing seller would sell and a willing buyer would buy in an arm's-length transaction, where neither is under any compulsion to buy or sell and both have reasonable knowledge of the relevant facts.

_____ Value Is the Price at Which a Willing Seller