摘要：The article presents a case study of valuation of real options included in a investmentproject. The main goal of the article is to present the calculation and methodologicalissues of application the methodology for real option valuation. Inorder to do it there are used the binomial model and Market Asset Declaimer methodology.The project presented in the article concerns the introduction of radiostation to a new market. It includes two valuable real options: to abandon the projectand to expand.
