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The real options approach to valuation - Haskayne School of Business

The real options approach to valuation - Haskayne School of Business

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Three Fac<strong>to</strong>r Model: Actual (Cortazar and Schwartz (2003)) dS=( ν − y) Sdt + σ11Sdzdy= −κ ydt +σ2dz 2( ν ν ) dt σ 3 dz 3dν= a − +

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