Author Profile
Tomio, Davide
An Arbitrage Opportunity in the Futures Market: The ECB’s Quantitative Easing Program
Tomio, Davide Fernstrom, Aaron
F-2080 | Published August 28, 2024 | 14 pages Case
Collection: Darden School of Business
In early 2016, Tommaso de Marchi identified a potential arbitrage opportunity in the futures market due to the European Central Bank’s (ECB’s) quantitative easing (QE) program. The ECB’s bond purchase... Read More
Fixed- or Floating-Rate Debt? Let Me Google That for You.
Tomio, Davide Antonietto, Daniel
F-2073 | Published August 13, 2024 | 19 pages Case
Collection: Darden School of Business
In the summer of 2023, Google (a subsidiary of Alphabet Inc.) was planning to issue a $50 billion bond to fund R&D. Bruno Santos, a recent MBA graduate and new senior analyst in Google’s treasury divi... Read More
Integrated Circuits
F-2068 | Published August 12, 2024 | 13 pages Case
Collection: Darden School of Business
On January 26, 2022, Dan Yu, treasurer for Integrated Circuits (IC), needed to decide between three financing options for a $200 million acquisition of Safe Technologies. The acquisition would signifi... Read More
Town Center at King of Prussia
Matos, Pedro Tomio, Davide Overstreet, George Jr.
F-2011 | Published August 08, 2024 | 15 pages Case
Collection: Darden School of Business
Basha Augustyn, a financial analyst at Retail Development Co. (RDC), has been tasked with evaluating a potential partnership with Lifetime Insurance for developing the King of Prussia Town Center. RDC... Read More
Spot and Forward Interest Rates
F-2084 | Published August 08, 2024 | 6 pages Technical Note
Collection: Darden School of Business
Interest rates come in many varieties. The most common interest rates apply from today to some future date and are referred to as spot rates. But what if you agreed to lend money to someone at a 6% ra... Read More
Tesla's Convertible
Matos, Pedro Tomio, Davide Ge, Terrance
F-2069 | Published August 08, 2024 | 17 pages Case
Collection: Darden School of Business
On May 2, 2019, Dan Cohen, a financial analyst at Tesla, Inc., was tasked by the CFO team with proposing a thesis for issuing a convertible bond. Tesla needed to raise $2 billion for capital expenditu... Read More
AMC: A Short Story
Tomio, Davide Blasey, Ralph Wang, Yuan
F-2067 | Published July 31, 2024 | 23 pages Case
Collection: Darden School of Business
On March 15, 2021, a senior hedge fund analyst was tasked with formulating an investment thesis for AMC Entertainment (AMC). The stock had been highly volatile as the US economy emerged from the COVID... Read More
Interest-Rate Swaps
F-2079 | Published May 29, 2024 | 6 pages Technical Note
Collection: Darden School of Business
This note introduces interest-rate swaps, financial contracts wherein two parties agree to exchange interest-rate cash flows, typically in the form of an exchange between fixed-rate payments and float... Read More
Bond Prices and Interest-Rate Risk
Tomio, Davide Schill, Michael J.
F-2075 | Published May 21, 2024 | 10 pages Technical Note
Collection: Darden School of Business
In this note, we cover how bond prices change as yields change. Students are shown that the price of a bond is a function of its promised payments and the prevailing required rate of return by investo... Read More
Option Greeks, Insider Trading, and the Heinz Acquisition
Tomio, Davide Augustin, Patrick Brenner, Menachem Subrahmanyam, Marti
F-1978 | Published | 10 pages Case
Collection: Darden School of Business
Just before Warren Buffett’s company, Berkshire Hathaway Inc, acquired H. J. Heinz Company on February 14, 2013, rumors had been circulating that the Omaha investing oracle had set eyes on the condime... Read More