单选题 An analyst does research about estimating the intrinsic value. With respect to top-down, three-step security valuation, the approach to identify sectors that are expected to prosper is most likeLy analyzed in the:
A. first step.
B. second step.
C. third step.

【正确答案】 B
【答案解析】[解析] 自上而下的证券分析是宏观经济分析、行业分析和企业分析,其中分析哪个行业将会有前景属于第二步。