单选题 Which of the following statements concerning security valuation is FALSE? A. If the current price of the security is $15 and the analyst using the dividend discount model determines a value of $10 the analyst should issue a sell recommendation. B. Firms with abnormally high return on equity (ROE will probably retain a large portion of their earnings. C. In the investment process, the most important decision is selecting the proper valuation method.
【正确答案】 C
【答案解析】In the investment process, the most important decision is asset allocation.