"Equity Investments":private equity markets

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Questions 1:

An analyst will most likely put a "sell" recommendation on a stock when its:

A. market value is lower than fundamental value.

B. market value is higher than intrinsic value.

C. intrinsic value is positive.

Questions 2:

Compared with public equity markets, which of the following statements is most accurate about private equity markets? Operating in the private market:

A. offers stronger incentives to improve corporate governance.

B. allows management to better adopt a long-term focus.

C. allows more opportunities to raise capital.

View answer resolution

【Answer to question 1】（B）

【analysis】

Intrinsic value is the true value so an analyst will put a "sell" recommendation on a stock when its market value, the price at which a stock is traded, is higher than intrinsic value.

【Answer to question 2】（B）

【analysis】

The management of a public firm is under pressures to meet shorter-term demands, such as meeting quarterly sales and earnings projections from analysts. Private owners are thus better able to focus on longer-term value creation opportunities.

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