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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Real Op*ons Valua*on (3) • Need an equilibrium model (CAPM) <strong>to</strong> obtain risk neutral distribu*on because there are no futures prices – R&D projects – Internet companies – Informa*on technology