In November 2006, Citigroup's stock (NYSE: C) was trading at $49.59. Following the credit crisis of 2007-2008 and by the end of October 2009, Citigroup's stock price had plummeted to $4.27. Several banks went under, and others saw their stock prices lose more than 60% of their value. Based on your understanding of stock prices and intrinsic values, which of the following statements is true? The intrinsic value of a stock is based only on the perceived risk in the company. A stock's intrinsic value is based on the fundamental cash flows and the company's risk. Which of the following describe the reason(s) why maximization of intrinsic stock value benefits society. Check all that apply. Consumers benefit when companies rise prices beyond reasonable levels. The owners of stock are society. Workers prefer companies that minimize operating costs. Successful companies attract more talent