Explanation:

• Option A is correct because intrinsic value (or fundamental value) represents the value investors would assign to an asset if they fully understood its investment characteristics. While intrinsic value can be estimated, it is inherently uncertain and not definitively known.

• Option B is incorrect because intrinsic value is not constant; it changes as new information relevant to valuation becomes available to investors. Market values also fluctuate in response to these changes.

• Option C is incorrect because the intersection of supply and demand determines the market value of an asset, not its intrinsic value. Intrinsic value is based on the present value of future cash flows, independent of market dynamics.