CFA Practice Question

There are 275 practice questions for this study session.

CFA Practice Question

In an efficient market, if an asset's intrinsic value is estimated to be $15 while the market price is $12, the asset appears to be ______.
A. overvalued
B. undervalued
C. uncertain
Explanation: In such a market the market price should be very similar to the intrinsic value.

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