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a) Briefly explain why discounted cash flow method (DCF) does not work for valuing options. b) Briefly explain why an option is always riskier than

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a) Briefly explain why discounted cash flow method (DCF) does not work for valuing options. b) Briefly explain why an option is always riskier than the underlying stock. c) Give an example of an option equivalent investment using common stock and borrowing

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