NO.PZ201601200500000904
问题如下：
4. Are Goldberg’s comments about real options correct?
选项：
A.
No for Comment 1 and Comment 2.
B.
No for Comment 1 and Yes for Comment 2.
C.
Yes for Comment 1 and No for Comment 2.
解释：
B is correct.
Goldberg’s first comment is wrong. A project should be abandoned in the future only when its abandonment value is more than the discounted value of the remaining cash flows. Goldberg’s second comment is correct.
根据老师上课的例子，这个option value 就是执行option 以后 多出来的那块价值 ，比如我们计算不含权的 operating CF =30, 如果含权的operating CF=40，那么多出来的10，就是option value。如果 option cost < npv(所有的10）的话， 那么最终的 含权npv 就会比不含权npv大。 应该是这样子吧？
