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An analyst's valuation of a company resulted in a common equity estimate of $45.60. Suppose the stock price closed at $54.72 on the day the

An analyst's valuation of a company resulted in a common equity estimate of $45.60. Suppose the stock price closed at $54.72 on the day the annual report was filed with the SEC. In comparing the valuation estimate and actual stock price, was the stock overvalued or undervalued, and why

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