Which of the following is incorrect?
A)Most firms would want to sell additional shares of common stock if they feel their stock is undervalued.
B)Most firms would not want to repurchase shares of common stock if they feel their stock is overvalued.
C)It is important for financial managers to understand market efficiency because it helps them understand how their stock prices will react to different types of decisions and news announcements.
D)none of these choices are complete.

Question

Quizplus · Accepted Answer

Firms typically want to sell additional shares when they believe their stock is overvalued, not undervalued, to capitalize on the higher price.

Which of the Following Is Incorrect