NO.PZ2023032701000001
问题如下：
Regarding the following statement:
“An active investment manager attempts to capture positive alpha. But mispricing of assets is not directly observable. It is therefore important that you understand the possible sources of perceived mispricing.”
Which of the following sources of perceived mispricing do active investment managers attempt to identify? The difference between:
选项：
A.
intrinsic value and market price
B.
estimated intrinsic value and market price
C.
intrinsic value and estimated intrinsic value
解释：
The difference between the true (real) but unobservable intrinsic value and the observed market price contributes to the abnormal return or alpha which is the concern of active investment managers.
alpha的定义是什么？
