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One of the major differences between a real option and a financial option is that a) a real option is traded in competitive markets. b)

One of the major differences between a real option and a financial option is that

a) a real option is traded in competitive markets.

b) a real option is less risky than a financial option.

c) a real option has more risk than a financial option.

d) a real option is not traded in competitive markets.

e) None of the above

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