If the intrinsic value of a share of common stock is less than its market value, which of the following is the most reasonable conclusion? A: The stock has a low level of risk. B: The stock offers a high dividend payout ratio. C: The market is undervaluing the stock. D: The market is overvaluing the stock.
If the intrinsic value of a share of common stock is less than its market value, which of the following is the most reasonable conclusion? A: The stock has a low level of risk. B: The stock offers a high dividend payout ratio. C: The market is undervaluing the stock. D: The market is overvaluing the stock.
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