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A 10000 5-year equity-linked CD guarantees a return of 2% effective per annum and an additional return on the investment equal to 60% of the percentage increase in the DJ 30 stock index. Another CD that is not equity-linked guarantees a return of 6% effective per annum. What is the premium for the implicit call option in the equity-linked CD?  

A.$566 B.$1585 C.$1750D.$2341 E.$2527  

求详解，谢谢

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关键词：Guarantees percentage Investment Additional Guarantee additional investment percentage effective increase

=10000-10000*(1.02^5)/(1.06^5)=1750, so C
10000*(1.02^5)/(1.06^5)是去掉这个Call Option后该equity-linked CD价值（其实就是没有Call OPtion的CD的现值计算，未来现金流是10000*(1.02^5)，折现率是CD市场利率=6%）。

谢谢