Long Market Value
The aggregate worth, in dollars, of a group of securities held in a cash or margin brokerage account, calculated using the prior trading day's closing prices of each security in the account. Investopedia Says:
The long market value figure includes most common investment vehicles, but excludes commercial paper, options, annuities and precious metals. Convention dictates that if there is no previous closing price available for a given asset to be included in the calculation, a third party valuation or previous bid price can be used. Related Terms:
Broker
Closing
Margin
Margin Account
Option
Previous Close
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