Go to this book’s Web site ( www.mhhe.com/bma ) and find the “live” spreadsheet for the Subductor project. Show how the value of the option to abandon changes as you change different input variables. Can you relate your findings to what you know about the value of a put option? ( Hint: If you are stuck, you may find it useful to refer back to Section 20-3.)

AppendixLO1