Free NACVA CVA Exam Questions

Become NACVA Certified with updated CVA exam questions and correct answers

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Total 253 Questions | Updated On: Mar 07, 2026

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Question 1

It is possible to examine the uncertainty of income to the various suppliers of capital by investigating the uncertainty of income to the company. The greater the uncertainty of income to the company:

A : greater the uncertainty of the income to the investor in the company

B : lesser the uncertainty of the equity to the investor in the company

C : greater the uncertainty of the equity to the investor in the company

D : lesser the uncertainty of the income to the investor in the company

Answer: A

Question 2

The discount rate is a market-driven rate. It represents the expected yield rate-or rate of return-necessary to induce:

A : vestors to commit available funds to the subject investment, given its level of risk

B : eld rate

C : vidends

D : vestment yield

Answer: A

Question 3

The most frequently encountered reasons for needing to value debt securities are the following EXCEPT:

A : rchase or sale for cash

B : change of equity for debt, or vice versa

C : locating total enterprise value among classes of securities in a leverages buyout, recapitalization (including)

D : justing an equity statement owned or owed

Answer: D

Question 4

The sales comparison approach is based on the economic principles of:

A : ficient markets

B : ecial financing and other terms regarding each sales transactions

C : of each property

D : pply and demand

Answer: A,D

Question 5

There is a general consensus among appraisers that there is little or no difference in controlling interest market values between S corporations and C corporations under most circumstances, and that any difference depends on:

A : nding a seller that there may be differences in value at the shareholder level for noncontrolling interests.

B : nding a buyer that there may be differences in value at the shareholder level for noncontrolling interests.

C : nding a dealer that there may be differences in value at the shareholder level for non- controlling interests.

D : nding a broker that there may be differences in value at the shareholder level for non- controlling interests.

Answer: B

Page: 1 / 51

Total 253 Questions | Updated On: Mar 07, 2026

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