Given the following information, calculate the target cash balance using the BAT model: Annual interest rate.................6% Fixed
Question:
Annual interest rate.................6%
Fixed order cost....................$25
Total cash needed..............$8,500
How do you interpret your answer?
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Related Book For
Fundamentals of corporate finance
ISBN: 978-0073382395
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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