A stock’s current market price and its intrinsic value

  What’s the difference between a stock’s current market price and its intrinsic value? Do stocks have known and “provable” intrinsic values, or might different people reach different conclusions about intrinsic values? Should a firm’s managers help investors improve their estimates of the firm’s intrinsic value? What are three techniques stockholders can use to motivate managers to maximize their stock’s long-run price? Should managers focus directly on the stock’s actual market price or its intrinsic value, or are both important? Explain.