semiannual cash dividend

1. Compute the required semiannual cash dividend if the expiration payoff to the CD is $1300 – max(0, 1300 – S5.5) and the initial price is to be $1300.
2. Compute ? if the dividend on the CD is 0 and the payoff is $1300 – max(0, 1300 – S5.5) + ? × max(0, S5.5 – 2600) and the initial price is to be $1300.