Question
To see if valuing an investment as a real option creates any extra value for a firm, it is necessary to establish a benchmark
To see if valuing an investment as a real option creates any extra value for a firm, it is necessary to establish a benchmark of O the floor of an option's payoff O benchmark values for competitior's investments O the NPV of the the investment and option, when committed to simultainiously O the ceiling of an option's payoff
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
470964731, 978-0470964736, 978-0470161012
