问题
单项选择题
Which of the following statements concerning security valuation is FALSE（）
A. Accounting methods may differ substantially between countries.
B. To value any security, you need to know the projected cash flows, their timing, and the required rate of return.
C. If the return on new investments is less than the return the firm is earning on its existing investments, the firm is considered a growth firm.
答案
参考答案：C
解析：
If the return on new investments is greater than the return the firm is earning on its existing investments, the firm is considered to be a growth firm.