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The least expensive form of short-term financing is
Probability Distributions
Formulas that enumerate all conceivable outcomes and their chances for a random variable within a designated span.
Interpretation
The process of providing explanation or meaning to a concept, statement, or set of data.
Flexibility Option
An option that provides the holder with the ability to adapt or change a strategy based on changes in market conditions.
Real Option
The value of additional decision-making flexibility in investment, often under conditions of uncertainty.
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