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Answer 1

On GoDaddy (shared hosting, Cpanel), I have to specify the path only after the domain:

My files are here:

URL:  http://example.com/assets/fonts/verdana/verdana.ttf
path:  /home/content/123456/html/example/assets/fonts/verdana/verdana.ttf

PHP code which works:

$font = 'assets/fonts/verdana/verdana.ttf';

Using other values for the path did not work.