Fan and Zhu (2010) propose a real options framework to value oil exploration projects in the presence
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Fan and Zhu (2010) propose a real options framework to value oil exploration projects in the presence of three sources of uncertainty: the overseas investment environment, the exchange rate and the oil price. Explain how the real options methodology can aid in investment evaluation for these types of projects.
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Related Book For
Corporate Finance
ISBN: 9780077173630
3rd Edition
Authors: David Hillier, Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, Jeffrey F. Jaffe
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