A brokerage house purchases an sampp 500 futures agreement


A brokerage house purchases an S&P 500 futures agreement for $300,000. On the delivery date, the S&P 500 Index is 575.

Does the brokerage house make a profit?

What if the S&P 500 is 625?

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Financial Management: A brokerage house purchases an sampp 500 futures agreement
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