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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

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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 4,631.480. Assuming no arbitrage, what should this derivative contract's price be today (round your answer to 2 decimal places)

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