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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S<strong>to</strong>chas*c process for the (true) return on the project once investment is completed dVV= ( r +η ) dt + φdwVola*lity and risk premium are the same as for cash flows. Assuming the ICAPM holds the risk premium is: η = β ( r − r) m
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