Rational buyers and sellers use their assessment of an asset's risk and return to determine its value.Relative to this concept,which of the following is TRUE?
A) To a buyer the asset's value represents the minimum price that he or she would pay to acquire it.
B) To a seller the asset's value represents the maximum sale price.
C) To a buyer the asset's value represents the maximum price that he or she would pay to acquire it.
D) To a seller the asset's value represents the price at which he acquired the asset.
Correct Answer:
Verified
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