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Basic Question 3 of 13
In an efficient market, the market value and the intrinsic value of an asset should be ______.
B. substantially different
A. similar
B. substantially different
User Contributed Comments 2
| User | Comment |
|---|---|
| janglejuic | If this bs theory applied to the real world then it would be a really boring world |
| Antoinepo | calm down |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe market efficiency and related concepts, including their importance to investment practitioners
contrast market value and intrinsic value
explain factors that affect a market's efficiency
CFA® 2025 Level I Curriculum, Volume 3, Module 3.