Reading 57: Market Efficiency-LOS c 习题精选 2011, between, without, likely, border

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Session 13: Market Organization, Market Indices, and Market Efficiency
Reading 57: Market Efficiency

LOS c: Distinguish between market value and intrinsic value.

 

 

The measure of an asset’s value that can most likely be determined without estimation is its:

A) intrinsic value.

B) fundamental value.

C) market value.

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The current price of a traded asset is its market value. An asset’s intrinsic or fundamental value is the price a rational investor with complete information about the asset would pay for it.