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Which of the following statements is MOST CORRECT?

Select one:

a. In general, managers estimates of intrinsic value are worse than the estimates of outside financial analyst.

b. A CEO who is about to exercise a million dollars in stock options and then retire would prefer that the companys stock is overvalued.

c. A firms intrinsic value can be measured precisely.

d. A stocks current price is its market price whereas the value is based on accurate risk and return data.

e. A stocks true long-run value is more closely related to its current market price than its intrinsic value.

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