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How to solve this open problem?Based on this article.You can assume anything Question:Suppose that my client wished to have a guarantee that after one year

How to solve this open problem?Based on this article.You can assume anything

Question:Suppose that my client wished to have a guarantee that after one year her portfolio would be worth at least the $1 million she invested. In addition, the client wished to receive 40% of the increase in the S&P 500 Index. How would the bank structure this equity-linked note?"

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