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J.P. Morgan Investment Banking Analyst Interview Question

I interviewed in Houston, TX and was asked:
"How do you value a your farmhouse if oil was discovered underneath?"
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Part of a Investment Banking Analyst Interview Review - one of 2,214 J.P. Morgan Interview Reviews

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If oil was found underneath my farm house, then it remains remain a farm house anymore, I would be valuing an oil reserve... The valuation will be separate for the oil reserve and for the remaining place it'll be the valuation of a farm house.
- Snigdha Mehrotra on Apr 27, 2012

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