Suppose a firm has a book balance of $2 million. On the banks website, the cash manager

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Suppose a firm has a book balance of $2 million. On the bank’s website, the cash manager finds out that the bank balance is $2.5 million. What is the situation here? If this is an ongoing situation, what ethical dilemma arises?

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Fundamentals of Corporate Finance

ISBN: 978-1260153590

12th edition

Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan

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Question Posted: Jul 17, 2019 11:57 AM

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Suppose a firm has a book balance of $2 million. On the banks website, the cash manager

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Fundamentals of Corporate Finance

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