问题如下：
Jim is an equity researcher in a securities firm. He is analysing the stock of a real estate company. By comparing the current market price with his analysis, Jim believes that the growth rate implied in the stock’s market price is much lower than what he predicts. According to Jim’s analysis, the current stock price is
选项：
A.Relatively overvalued compared with what he predicted.
B.Relatively undervalued compared with what he predicted.
C.The same as what he predicted.
解释：
B is correct.
考点：考察定价是增长率g的影响
解析：由于Jim判断当前市场价格中隐含的growth rate过低，而自己预测的growth rate更高，即在合理的股票定价时，应该用一个更高的增长率。因此当前的市场价格低于Jim预测的值。
老师您好，想问一下，我现在做这道题的思路是，implied g低所以是现在的市场价格p是低于预测的value的，所以是被低估；但是我记得李老师在将implied g和expected g的关系时，讲到是把implied g当做一个及格线，需要expected g和他去比较，expected g大于implied g才是及格的，是可以购买的，所以是低估，我现在不清楚的是，我判断高低估的时候应该是把谁作为标准去比较？是分析师自己预测的g，预测的value为标准，还是implied g为标准呢？
