The Three Steps in Determining a Stock's Intrinsic Value Are

Multiple Choice

The three steps in determining a stock's intrinsic value are
I. estimating the stock's future cash flows.
II. estimating the risk associated with future cash flows.
III. careful analysis of patterns in the stock's recent price history.
IV. estimating an appropriate discount rate to apply to future cash flows.

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