c. Offer fair value on two bundles and offer better than fair value on the other bundle
Explanation:
According to the Fair Value framework companies should try to Offer fair value on two bundles and as well try to offer better than fair value on the other bundle which simply means that in a situation where their are two bundles companies should tend to offer fair value on them and they should as well offer something that is far better than fair value on other bundle.
Therefore Fair value can be seen as an estimated price in which either asset or liability can be sold out or settled to a third party under recent and current market conditions.
