Which of the following statements is FALSE regarding real options? O A key distinction between a real option and a financial option is that real options, and the underlying assets on which they are based, are often traded in competitive markets. O In particular, because real options allow a decision maker to choose the most attractive alternative after new information has been learned, the presence of real options adds value to an investment opportunity. O We can compute the value of the real option by comparing the expected profit without the real option to the value with the option. O To make an investment decision correctly, the value of embedded real options must be included in the decision-making process.