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a. rlexi 13-2 Would a failure to recognize growth options tend to cause a firm's actual capital budget to be above or below the optimal
a. rlexi 13-2 Would a failure to recognize growth options tend to cause a firm's actual capital budget to be above or below the optimal level? Would your answer be the same for abandonment timing, and flexibility options? Explain. 13-3 Companies often have to increase their initial investment costs to obtain real options. Why might this be so, and how could a firm decide whether it was worth the cost to obtain a given real option
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