> The "I intend to hold it" is the relevant part of the valuation, though.
It’s really not, at least not mathematically. That intentions play a role is purely an artifact of regulations.
It’s really not, at least not mathematically. That intentions play a role is purely an artifact of regulations.
> not mathematically
Agreed. I don't think the GP was asking a mathematical question, so "relevant" meant "to explain why MTM accounting is not the only way".