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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Expropria*on Op*on • We value a natural resource project, in par*cular an oil field, exposed <strong>to</strong> expropria*on risk • We view the government as holding an op*on <strong>to</strong> expropriate the oil field