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Assume that you are an equity analyst. You recently estimated the intrinsic value of a company's common stock to be $45 per share. In your
Assume that you are an equity analyst. You recently estimated the intrinsic value of a company's common stock to be $45 per share. In your analysis, you utilized an 8% required rate of return. If the stock is currently trading for $43 per share, what recommendation would you make to your firm's financial advisory team regarding the stock (buy, sell, short, hold) and why? Include in your answer all 3 numerical values included in the question.
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