我选的B，视频里李老师说其实偏离不多其实也是算是equal吧，还是这道题给的数字不严谨？

问题如下：

The current market price of a stock is $16. An analyst estimates the intrinsic value of a stock should be in the range of $11 to $15. What is the conclusion can be drawn from this analysis:

选项：

The stock is overvalued.

The stock is fairly valued.

The stock is undervalued.

解释：

A is correct.

The upper bound of the analyst’s estimation is lower than the current market price of the stock indicate that the stock is overvalued.

考点：Evaluate A Security

高估低估针对的是市场价格，我们估值的目的就是希望得到股票的合理价值水平，这样我们才能判断市场上的股票现在是高估了还是低估了。本题说ananlyst 通过一系列的分析发现合理的价格应该是$11 to $15，而当前股价为$16，说明当前的股价太高了，被高估了，应该做空。