问题如下：
An active investment manager attempts to capture positive alpha. But mispricing of assets is not directly observable. Which of the following sources of perceived mispricing do active investment managers attempt to identify?
选项：
A. Intrinsic Value actual- market price
B. Intrinsic Value analyst- market price
C. Intrinsic Value actual- Intrinsic Value
analyst
解释：
A is correct.
考点：Value Definitions
解析：A是正确的。为了获得超额回报（ 阿尔法 ），主动投资的基金经理旨在确认股票的真实（ 但是无法观察到 ）的内在价值与观察到的市场价格之间的差异。
李老师上课确实说过perceived alpha=IV分析师-price，这道题的问法让人模棱两可
