which of the following is not correct
a)if a stock's market price exceeds its intrinsic value as seen by the marginal investor, then the investor will sell the stock until its price has fallen down to the level of the investor's estimate of the intrinsic value
b) if markets are in equilibrium, each stock's expected return should equal its required return as seen by the marginal investor
c) if the markets are in equilibrium , each stock's expected return should equal its realized return as seen by the marginal investor
