Question 1 (1 point) You are looking at a pharmaceutical company that has made good progress on COVID-19 vaccines. You read all the good news about the company on the news. You conclude that this is a good investment. True False When you value assets, you are implicitly assuming that: The market is always right (i.e. the asset prices reflect the asset values) The market is sometimes wrong, but that it corrects itself eventually The market is always wrong The market is sometimes wrong, and that it does not correct itself eventually Which of the following assets is best suited for market-based valuation? An untraded, unique asset with nothing comparable or similar to it. A traded, unique asset with nothing comparable or similar to it. An asset that is similar to other assets, none of which have traded prices. An asset that is similar to other assets, many of which are traded at regular intervals. You are valuing the stock of Golden Celebration Corp. You estimate the fair value of the stock of $70. Currently the stock is trading at $120. Your recommendation should be: "Sell", because the stock is overvalued. "Buy", because the stock is undervalued. "Hold", because the stock is fairly valued. You want to value a stock of company A. Where can you go to gather data about the firm? The company's website (Investor Relations) Company's filings on SEC's EDGAR finance.yahoo.com S&P Capital 1 All of the above