An analyst with a leading investment bank tracks the stock of Mandalays Inc. According to her estimations, the value of Mandalays Inc.$$s stock should be $$25\mathrm{.}00$ per share, but Mandalays Inc.$$s stock is trading at $$18\mathrm{.}95$ per share on the New York Stock Exchange $($NYSE$).$ Considering the analyst$$s expectations, the stock is currently:

in equilibrium

overvalued

undervalued

Answer rating: 100% (QA)

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