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An investor enters in a long position on a cash-settled Forward contract. The contract is on the VIX index at a value of 20.57. At

An investor enters in a long position on a cash-settled Forward contract. The contract is on the VIX index at a value of 20.57. At maturity of the contract, the VIX index is at 22.59. A contract pays $1,000 times the level of the VIX. What is the payoff for the investor?

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