Provides a basis for assessing corporate investment projects as options. Assumes you're familiar with the basic option pricing and the basic rules of the capital budget. Explains the motivation for viewing projects as an option, is a mapping between the project capital and options, shows how the price of the option, and explores the managerial implications of this approach to the capital budget. Concludes with a discussion of general practice, analyzes the issues that arise from this methodology. "Hide
by Timothy A. Luehrman 12 pages. Publication Date: November 16, 1994. Prod. #: 295074-PDF-ENG
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