Question: Please answer the question in the picture with deail calculation. Keep 4 decimals for calculations and 2 decimals for final answers. Thank you! The ABC

Please answer the question in the picture with deail calculation. Keep 4 decimals for calculations and 2 decimals for final answers. Thank you!

Please answer the question in the picture with
The ABC hank offers you a new savings product. lfyou deposit your money in the hank today= you will receive your principal plus 1% interest hack in one year ifthe SEEP SUD index level is lower than 335!) in one year: you will receive your principal plus 3% interest in one yearifae SEEP 500 index level is equal to orhigherthan 33511] in one year. Is this new produce a derivative contract? Why or why not. If it is a derivative contract= please specify the underlying asset, and write down your payoff in one year if you deposit MID-DID today. 1|What is your bet on the market? Please explainl

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