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Reading 57: Market Efficiency-LOS c 习题精选

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.


 

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.

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