What is the participation rate, k$,$ of this equity$-$linked note? The easiest way to calculate the participation rate is to compare the relative price appreciation of the Meta stock and the investor$$s return from holding the note in the situation described in Question $8.$ In that situation, the stock appreciates by $100\%$

whereas the investor has a return equal to k$\backslash$times $100\%$ From this, it is easy to calculate the value of k