- CFA Exams
- CFA Level I Exam
- Study Session 13. Equity Investments (2)
- Reading 41. Equity Valuation: Concepts and Basic Tools
- Subject 1. Estimated Value and Market Price
CFA Practice Question
Using a few valuation models and a range of inputs, an analyst estimates a security's intrinsic value to be between $18 and $22. The security is trading at $21.50. The security appears to be ______.
A. overvalued
B. undervalued
C. fairly valued
Explanation: The price is within the estimated range.
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