Continue to assume that rf = 3% per half-year, that at-the-money calls sell for $50, and that

Question:

Continue to assume that rf = 3% per half-year, that at-the-money calls sell for $50, and that the market index is at 1,000. What would be the multiplier for 6-month bullish equity-linked CDs offering a guaranteed minimum return of .5% over the term of the CD?

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