Compute the required semiannual cash dividend if the expiration payoff to the CD is $1300 max(0,

Question:

Compute the required semiannual cash if the expiration payoff to the CD is $1300 − max(0, 1300 − S5.5) and the initial price is to be $1300. Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...