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This excerpt taken from the ELN 6-K filed Mar 30, 2007. e Fair
values
Fair value is the amount at which a financial instrument could
be exchanged in an arms-length transaction between informed and
willing parties, other than in a forced or liquidation sale.
Cash and cash equivalents and
available-for-sale
investments are held at fair value on the Consolidated Balance
Sheets.
Elan Corporation, plc 2006 Annual
Report 121
Table of Contents
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