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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Simple Example • Consider a simplified valua*on <strong>of</strong> a Mine or Oil Deposit • <strong>The</strong> main uncertainty is in the commodity price and futures markets for the commodity exist (copper, gold, oil) • Brennan and Schwartz (1985) • For the moment neglect op*ons