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you already wrote the answer, use UNDISCOUNTED to compare to BV; write down to FAIR VALUE. No less, when fv is available.

If you cannot determine a fair value, then go down to DISCOUNTED cash flows.

not sure why this is hard, unless i'm really missing something.

i agree with ped. if you really think it's worthwhile, look it up; i'm sure it's not worth your time.

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