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Which of the following is true regarding real options? _____ Out-of-the-money real options have no value In-the-money real options need to be exercised immediately Both

Which of the following is true regarding real options?

_____

  1. Out-of-the-money real options have no value
  2. In-the-money real options need to be exercised immediately
  3. Both (A) and (B)
  4. Neither (A) nor (B)

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