The real options approach to valuation - Haskayne School of Business
The real options approach to valuation - Haskayne School of Business
The real options approach to valuation - Haskayne School of Business
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Tradi*onal Approach: NPV • Risk adjusted discount rateNPV=C0+N∑t = 1 (1 +Ctk)tC tin period t expected cash flow k risk adjusted discount rate