1. You are valuing the stock of Golden Celebration Corp. You estimate the fair value of the stock of $170. Currently the stock is trading at $120. Your recommendation should be:

Question options:

	a) "Sell", because the stock is overvalued.
	B) "Hold", because the stock is fairly valued.
	C) "Buy", because the stock is undervalued.

2. You want to value a stock of company A. Where can you go to gather data about the firm?

Question options:

	A) The company's website (Investor Relations)
	B) Company's filings on SEC's EDGAR
	C) finance.yahoo.com
	D) S&P Capital IQ
	E) All of the above

3. Assume the current price of Tesla is $800 per share. Which of the following statement is correct?

Question options:

	A) We should not purchase Tesla now because it seems that $800 is too high.
	B) The market price of $800 may not be the fair price for Tesla stocks.
	C) We should purchase Tesla stocks now because it has potential to grow fast in the future.
	D) Because share price of Tesla is $800 per share, the fair value of Tesla is $800 per share.

4. You are valuing the stock of Microsoft Corp. You estimate the fair value of the stock of $170. Currently the stock is trading at $219.62. Your recommendation should be:

Question options:

	A) "Buy", because the stock is undervalued.
	B) "Hold", because the stock is fairly valued.
	C) "Sell", because the stock is overvalued.