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The current value of the S&P 5 0 0 index is $ 4 , 9 6 6 . If the value of the index in

The current value of the S&P 500 index is $4,966. If the value of the index in 3 months is $4,972, what is the payoff in a 3-month Emini contract (long position) at maturity if the futures price today exceeds the spot price by $86?[Round to an integer value (if necessary) and ignore initial margin or margin calls]

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