Estimate the per-film value of a portfolio of sequel rights using a real options model. Build a binomial tree with 12 steps (∆t = 1 12 ) and assume a risk-free rate of 6%. Use the standard deviation of the one-year return for hypothetical sequels from Exhibit 7 (121%) as your estimate of volatility.

12 is probably the typical age for a first kiss but i think its to young.

Sorry i dont understand the question can you rephase it?

It would be true sodium reacts with water in a violent way 

We first assume that this gas is an ideal gas where it follows the ideal gas equation. the said equation is expressed as: pv = nrt. from this equation, we can predict the changes in the pressure, volume and temperature. if the volume and the temperature of this gas is doubled, then the pressure still stays the same.