Is it better for a firm’s actual stock price in the market to be under, over, or equal to its intrinsic value? Would your answer be the same from the standpoints of stockholders in general and a CEO who is about to exercise a million dollars in options and then retire? Explain.
Brigham, Eugene F.; Houston, Joel F. (2012-01-01). Fundamentals of Financial Management (Page 23). Cengage Textbook. Kindle Edition.