Choose the false statement from the list below.

Group of answer choices

A: It is tempting to use the Black-Scholes-Merton formula to value future growth options, but often there are good reasons why this formula might not price these options properly.

B: When a firm has a real option to invest in the future it is known as a growth option.

C: Because growth options have value, they contribute to the value of any firm that has future possible investment opportunities.

D: Future growth opportunities can be thought of as a collection of real put options on potential projects.

E: A and B