Value

Entry One.  Andreas Andrikopoulos (2013)

It is important to know the true value of a financial asset. Profits and losses depend on it, as financial theory suggests. We need to know, for instance, whether an IPO reflects real business prospects and whether the price of a stock reflects its true value. The question of the true value of a financial security has important implications for security design, market microstructure, and even the fragility of the financial system..

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