Goldman, Sachs & Co.: Nikkei Put Warrants--1989 (292-113)

Tufano, Peter (1992) Goldman, Sachs & Co.: Nikkei Put Warrants--1989 (292-113). [Case]

Abstract

Japanese financial institutions' willingness to sell put options on the Nikkei Stock Average provides investment banks with the raw material from which to create a security that would allow U.S. investors to bet on falls in the Japanese Stock Market. The investment bank that seeks to create this new product must decide how to design, produce (hedge), and price the options (Nikkei Put Warrants). Highlights the global nature of new product development in the securities market and provides opportunities for students to make and critique the key decisions involved in creating this new product. Students must consider the costs of production, the preferences of consumers, competitive dynamics, and the pricing of substitutes for the new product.

Item Type: Case
Keywords: finance, accounting, design
Subject(s): Finance
Date Deposited: 01 Apr 2016 12:39
Last Modified: 01 Apr 2016 12:39
Funders: n/a
URI: http://eureka.sbs.ox.ac.uk/id/eprint/6059

Actions (login required)

Edit View Edit View