Explain why real options are most valuable when forecasts of future cash flows are most uncertain.

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Principles of Corporate Finance

ISBN: 978-0072869460

7th edition

Authors: Richard A. Brealey, Stewart C. Myers

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Question Posted: Jun 08, 2011 05:49 AM

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Explain why real options are most valuable when forecasts of future cash flows are most uncertain.

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In the extreme case if future cash flows are known w...View the full answer

Principles of Corporate Finance

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