XYZ Inc. is a small but publicly traded company listed on the national exchange of a developing country. More specifically, the countrys capital market is small and highly concentrated. Specifically, the top-10 companies by market capitalization account for 90% of the total value of the national exchange. More so, these top-10 companies also fall into two main economic sectors: energy and mineral extraction. XYZ operates in the energy sector as a supplier of natural gas. Over the next 12-months, XYZ executives see a promising opportunity to expand their operations by exercising a previously purchased call option on nearby land. Company geologists predict this nearby land will contain lucrative natural gas fields. In anticipation of this expansion, the CFO o