NO.PZ2018103102000008
问题如下：
An active investment manager attempts to capture positive alpha. But mispricing of assets is not directly observable. Which of the following sources of perceived mispricing do active investment managers attempt to identify?
选项：
A. Intrinsic Value actual- market price
B. Intrinsic Value analyst- market price
C. Intrinsic Value actual- Intrinsic Value
analyst
解释：
A is correct.
考点：Value Definitions
解析：A是正确的。为了获得超额回报（ 阿尔法 ），主动投资的基金经理旨在确认股票的真实（ 但是无法观察到 ）的内在价值与观察到的市场价格之间的差异。
这道题目不是要求perceived misprice吗？不是求true misprice 啊！答案Ａ是True misprice，B才是perceived misprice