Exam (elaborations)
FINC 341 - GUYTON EXAM 1 (CH 1-6) 2023 with 100% correct answers
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intrinsic value an estimate of a stock's "true" value based on accurate risk and return data; can't be measured precisely; managers estimates are better than outside investors. it is a long run concept. management should make goals to maximize this not current market price. market price st...
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