Why might a sum of the parts analysis find a company to be undervalued by the market? Select one: a. This might be due to a high WACC or low growth rate in the model o b. The market might be applying a discount to a diversified firm as management is perceived to be spread too thinly across the business operation c. If the individual components were highly correlated this may occur d. Because diversification reduces risk and increases expected return e. If all other companies are overvalued by the market due to a stock bubble