Question: In an S&P 5 0 0 - linked Principal Protected Note issued by Regional Bank, if the PV of interest earned by Regional Bank is

In an S&P500-linked Principal Protected Note issued by Regional Bank, if the PV of interest earned by Regional Bank is $57 on a $1,000 Notional Amount, what would be the participation rate for the retail investor if the embedded call option is valued at $90 per $1,000 notional

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