Which of he following best describes our use of HPR in our stock valuation?

A. HPR is the fair return on the stock

B. HPR is our best guess of the market's required return on the stock given its current price.

C. HPR is the guaranteed return on the stock.

D. HPR is the historical return on the stock

A stock's one year target price estimate comes from:

		It is the average of the analyst estimates
		The CEO of the company
		The average of all market participants.
		Elon Musk