Select all that are true with respect to real options. Out-of-the-money real options have value. In-the-money real options need not be exercised immediately. Waiting is often valuable. One can often create value by exploiting real options.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Select all that are true with respect to real options.

Out-of-the-money real options have value.
In-the-money real options need not be exercised immediately.
Waiting is often valuable.
One can often create value by exploiting real options.
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