Given the following information, calculate the target cash balance using the BAT model: Annual interest rate...... 4.5%
Question:
Given the following information, calculate the target cash balance using the BAT model:
Annual interest rate...... 4.5%
Fixed order cost....... $25
Total cash needed.......$10,200
How do you interpret your answer?
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Related Book For
Fundamentals of corporate finance
ISBN: 978-0078034633
10th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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