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13 1 pts Consider an exotic derivative contract, which pays $100 when (and only when) the S&P 500 index hits 5,000 for the first time.
13 1 pts Consider an exotic derivative contract, which pays $100 when (and only when) the S&P 500 index hits 5,000 for the first time. Today, the S&P 500 index is 4,620.065. Assuming no arbitrage, what should this derivative contract's price be today (round your answer to 2 decimal places)
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N. Hyman
5th Edition
0030113172, 978-0030113178
