问题如下:
1. Based on Statement 2, which of the following sources of perceived mispricing do active investment managers attempt to identify? The differencebetween:
选项:
A.intrinsic value and market price.
B.estimated intrinsic value and market price.
C.intrinsic value and estimated intrinsic value.
解释:
A is correct.
The difference between the true (real) but unobservable intrinsic value and the observed market price contributes to the abnormalreturn or alpha which is the concern of active investment managers.
perceived mispricing不是IV(analyst)-mkt price吗?true mispricing才是解答说的啊