Quote Originally Posted by bigspenda73
That is the question. How much would I be willing to pay. Why would I be willing to pay more than $1 out of my pocket when it gets them the same exact amount? There is no need to pay more than $1.

If you say more than $1 what is your reasoning?
Suppose you say you'd pay a dollar, but the deal maker reneges and says he won't do it for less than $2. You say, OK, I'll pay $2, but the deal maker reneges again. This process continues...

At what point do you tell the deal maker, "F U, you reneger!"?

That point, which should differ depending on who's getting the $50K, is the value of the index.