Multiple Choice
A golf course/property developer buys twice as much land as is needed to build an 18 hole golf course and housing development so that, if things go very well, a second 18 hole golf course and
Housing project can be added to the project. The developer is prepared to exercise the:
A) Option to default.
B) Option to expand.
C) Option to abandon.
D) Option to wait.
E) Option to rebuild.
Correct Answer:
Verified
Correct Answer:
Verified
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