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12. If the intrinsic value of a stock is greater than its market value, which of the following is a reasonable conclusion? a) The market

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12. If the intrinsic value of a stock is greater than its market value, which of the following is a reasonable conclusion? a) The market is overvaluing the stock b) The stock has a low level of risk c) The market is undervaluing the stock d) The stock offers a high dividend payout ratio

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