Agro International has a foreign subsidiary, which requires $200K cash every month. It uses a wire service
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Question:
Agro International has a foreign subsidiary, which requires $200K cash every month. It uses a wire service for the cash transfer.
The cost of wire transfer is $190.
In order to send cash to its subsidiary, the Agro has to liquidate part of its securities portfolio which generates 12% annual return.
How many wire transfers PER YEAR should Agro make?
Expert Answer:
To determine how many wire transfers Agro International should make per year we need to calculate th... View the full answer
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