The Intrinsic Value of a Security Is Based on the

Multiple Choice

The intrinsic value of a security is based on the
I. amount of risk.
II. current market value of the security.
III. discount rate applicable to the security.
IV. estimated future cash flows from the security.

A) I and III only
B) III and IV only
C) I, II and III only
D) I, III and IV only