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Marcus bought a $480 call on the S&P 500 Depository Receipts (SPY) ETF expiring on Dec 31 2021. He paid $1.54 for this option on

Marcus bought a $480 call on the S&P 500 Depository Receipts (SPY) ETF expiring on Dec 31 2021. He paid $1.54 for this option on Oct 30, 2021. On Dec 31 2021 the SPY closes at $495.40. What is Marcus payoff on the option?

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