A Company Owns Some Installment Notes That Were Issued by One

Multiple Choice

A company owns some installment notes that were issued by one of its customers. The customer is not a public company, and its debt is not publicly traded. The company values these notes based in part on market interest rates, and partly on its own judgment of the credit-worthiness of the supplier. The company's own judgment is an example of a:

A) Level 1 input
B) Level 2 input
C) Level 3 input
D) Level 4 input