Question
Can a stock be over-valued according to intrinsic (fundamental) valuation and under-valued according to relative valuation? If you tend to rely on intrinsic valuations, what
Can a stock be over-valued according to intrinsic (fundamental) valuation and under-valued according to relative valuation? If you tend to rely on intrinsic valuations, what implicit assumption have you made related to market efficiency?
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International Finance The Markets And Financial Management Of Multinational Business
Authors: Maurice D. Levi
3rd Edition
0070376875, 978-0070376878
