{"title":"伊藤的困境(C)","authors":"Kenneth M. Eades","doi":"10.2139/ssrn.909362","DOIUrl":null,"url":null,"abstract":"Mrs. Ito is approached by a neighbor who asks her advice on investing in a stock-market certificate of deposit (CD) offered by NationsBank.The CD pays interest that is pegged to the S&P 500 and yet guarantees 100% return of principal upon maturity, in five years.This case provides an example of how options are sometimes embedded in securities marketed at the retail level, and it provides students with an opportunity to use a financial-engineering approach to analyze the instrument. See the A and B cases (UVA-F-0936 and UVA-F-0937).","PeriodicalId":302905,"journal":{"name":"Darden Case: Finance (Topic)","volume":" 6","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Ito's Dilemma (C)\",\"authors\":\"Kenneth M. Eades\",\"doi\":\"10.2139/ssrn.909362\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Mrs. Ito is approached by a neighbor who asks her advice on investing in a stock-market certificate of deposit (CD) offered by NationsBank.The CD pays interest that is pegged to the S&P 500 and yet guarantees 100% return of principal upon maturity, in five years.This case provides an example of how options are sometimes embedded in securities marketed at the retail level, and it provides students with an opportunity to use a financial-engineering approach to analyze the instrument. See the A and B cases (UVA-F-0936 and UVA-F-0937).\",\"PeriodicalId\":302905,\"journal\":{\"name\":\"Darden Case: Finance (Topic)\",\"volume\":\" 6\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"1900-01-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Darden Case: Finance (Topic)\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.909362\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Darden Case: Finance (Topic)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.909362","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Mrs. Ito is approached by a neighbor who asks her advice on investing in a stock-market certificate of deposit (CD) offered by NationsBank.The CD pays interest that is pegged to the S&P 500 and yet guarantees 100% return of principal upon maturity, in five years.This case provides an example of how options are sometimes embedded in securities marketed at the retail level, and it provides students with an opportunity to use a financial-engineering approach to analyze the instrument. See the A and B cases (UVA-F-0936 and UVA-F-0937).