(2) An investor owns shares in a business that currently have a market value of 2.50 each. He pays 0.40 per share to buy an option that will entitle him to sell the shares for 3.00 each in six months' time. If in six months' time the shares have a market value of 3.50 each, the value of the option (per share) would be 1 Nothing 20 E0.50 30 1.00 40.40 (3) To be relevant to a particular decision an item of data needs to be 1 of a financial nature and relate to the future 20 relate to the future and to the objectives being pursued 30 relate to the future and be different between the options 40 different between the options and relate to the objectives being pursued (4) In the context of business finance, the expression 'agency costs' relates to 10 Part of the costs of travel by the business's staff 2 The cost to shareholders of managers not acting in the shareholders' best interests 30 The costs of employing temporary managerial staff. 40 The cost of advertising the business's products