This case describes the situation faced by the SEC in implementing Rule 19c-5, which allowed multiple trading of listed options. It provides details on the history of the options market and asks the student to make a recommendation as to whether Rule 19c-5 should be implemented on schedule

This note demonstrates the use of Lotus models for financial forecasting. It uses a step-by-step approach with examples of how to tie the different elements together. An exercise is included that requires students to forecast financial statements for Walt Disney, Inc

This case deals with the introduction of put options in 1977. After a four-year experiment trading call options, the U.S. Securities and Exchange Commission (SEC) is about to begin the trading of put options. Ed Burton is faced with establishing trading strategies based on put-call parity. The...

SUBJECT AREAS: valuation, investment analysis, portfolio management, country analysis, emerging markets, development economics.This paper gives an overview of research and practice issues in the valuation of assets in emerging markets. It introduces a special edition in Emerging Markets Review...

SUBJECT AREAS: valuation, investment analysis, portfolio management, country analysis, emerging markets, development economics.This collection of two CD-ROMs presents interviews with leading scholars and practitioners on the subject of valuing assets in emerging markets. Featured interviews...

SUBJECT AREAS: valuation, investment analysis, portfolio management, country analysis, emerging markets, development economics.This CD-ROM contains an edited interview with Mark Mobius, one of the best-known asset managers specializing in emerging markets equities. His early advocacy of emerging...

This technical note covers the basics of interest rate derivatives. Specifically, it covers options on bonds, delayed payments, caps, floors, and swaptions. The appropriate option pricing model is presented for each derivative. In addition, the note covers how to estimate the input parameters in...

This case involves a decision to use a new financial product instead of a stock repurchase. The case requires the student to value a complex security and decide on the cost of each alternative. An interesting feature of the case is the different ways of valuing the complex security

This case deals with the introduction of put options in 1977. After a four-year experiment trading call options, the U.S. Securities and Exchange Commission (SEC) is about to begin the trading of put options. Ed Burton is faced with establishing trading strategies based on put-call parity. The...

This technical note expands on the previous note, "Forwards and Futures" (UVA-F-1427), which introduced the basics of forward and futures contracts. It begins with examples where the hedging was one-for-one and the maturity of the futures contract exactly matched the timing of the transaction....