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: Jul 28, 2025

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Question 1

Calculating the volatility of the underlying stock is more complicated. Volatility is the standard deviation is the price of underlying stock. The volatility used in the Black Scholes model is the total volatility of the underlying stock's price. It is not its bets, which measures

A : relative movement of the stock's price to the market

B : at the stock's price changes are relatively constant

C : plied volatility

D : number of outstanding shares of the issuer

Answer: A

Question 2

A major issue in many fair value cases is:

A : ether or not discounts and/or premiums are applicable

B : ck of control

C : ck of marketability

D : ck of ownership control premiums under certain specific circumstances.

Answer: A

Question 3

Any Buy-Sell agreement, restrictions, or other similar factor relating to the right to use or sell the property will be ignored for estate gift, and generation skipping tax purposes unless the agreement meets any of the following test EXCLUDING:

A : is a bona fide business arrangement

B : must be a device to transfer the property to the natural objects of the transferor's bounty (such as family members) for less than adequate and full consideration in money or money's worth

C : terms must be comparable to similar arrangements entered into by persons in an arm's length transaction

D : is a key player in Buy-Sell arrangements

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

The primary ownership interest characteristics that need to be addressed in almost every business valuation are the following EXCEPT:

A : ntrol or minority valuation basis (not necessarily a black-and--white issue ____there may be elements of control without absolute control

B : gree of marketability

C : ir market value

D : ir market value on a nonmarketable, non-controlling ownership interest basis.

Answer: C,D

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Total 253 Questions | Updated On: Jul 28, 2025

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