🎓CFA Final Prep All Topics

Name: Equity 3 – Market Efficiency

Card1 / 44
Question

Why is the Gordon Growth Model highly sensitive in practice?

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Answer

Small changes in r−g greatly change value.

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Question

If a stock's intrinsic value estimate V0​ exceeds its market price P0​, how would this be classified for valuation purposes?

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Answer

Undervalued; a buy signal.

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Question

If V0​<P0​, what does that imply about the stock relative to market price?

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Answer

Overvalued; a sell signal.

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Question

Why should analysts be cautious when comparing intrinsic value estimates across professionals?

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Answer

Intrinsic value is an estimate, not an objective fact.

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