Question 9 (5 points) Leonard Lauder is analyzing Ryanair, an Iris airline. In early September 2020, Ryanair just sold a 850 million euro ($1 billion) bond (i.e. borrowing). In August, it raised 400 million euros from shareholders. Leonard concludes that Ryanair is having good liquidity and will do well from now on. He decides to invest in Ryanair. What of the following statements is most likely correct? Leonard fails to consider the current value of Ryanair before making investment decision. Leonard is right because Ryanair is overvalued. Leonard makes a sound investment decision because Ryanair is the safest airline. Leonard makes a sound investment decision because Ryanair is generating good revenues during the COVID-19 pandemic