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Which of the following represent(s) features of real options? I. The higher the volatility of the underlying asset the higher the value of the option
Which of the following represent(s) features of real options?
I. The higher the volatility of the underlying asset the higher the value of the option
II. An option protects against downside risk but preserves the upside potential
III. The longer the maturity of an option the higher the value of the option
IV. An option gives the holder the right but not the obligation to buy, sell or use an asset
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