Date of Award

5-2015

Degree Type

Report

Degree Name

Master of Science (MS)

Department

Economics and Finance

Committee Chair(s)

Tyler Brough

Committee

Tyler Brough

Committee

Jason Smith

Committee

Alan Stephenson

Abstract

The typical NPV rule lacks the option embedded value of taking on the project in question. The time in which we take on the project is this embedded option. I present the methodology for examples used in the Perpetual Option Pricing Program which are presented by Robert McDonald in his book, "Derivatives Markets". Refer to chapter 17.

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