Negative O Not onough information has been provided to answer this question 1 pts D Question 18 Which of the following BEST describes the approach to valuing land as a "real option"? O The land is valued at its most probable use The land value reflects the fact that the developer can wait to decide whether to construct a building on the site The seller provides the investor with an option to purchase the land at a specific price before a certain date O The seller has an option to repurchase the land from the buyer before construction takes place