Finance

Which of the following statements is INCORRECT about stock prices and shareholder value (or the intrinsic value)? A) In equilibrium, a stock's price should equal its "true" or intrinsic value. B) Intrinsic value is a short-run concept. C) To the extent that investor perceptions are incorrect, a stock's price in the short run may deviate from its intrinsic value. D) Ideally, managers should avoid actions that reduce intrinsic value, even if those decisions increase the stock price in the short run