Question: 2 Close Window Save and Submit Click Submit to complete this assessment. Question 4 of Question 4 15 points Save Answer Assume your firm receive

2 Close Window Save and Submit Click Submit to complete this

2 Close Window Save and Submit Click Submit to complete this assessment. Question 4 of Question 4 15 points Save Answer Assume your firm receive four checks every day each one of them worth 10.000 dirham. Normally it takes 5 days to clear the checks and the current interest rate is .013 percent per day. a. What is the company's float? [5 Points] .b. What is the most Purple Feet should be willing to pay today to eliminate its float entirely? [5 Points) *c. What is the highest daily fee the company should be willing to pay to eliminate its float entirely? 15 Points] For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Us Paragraph Arial 14px !!! T. % . 6 = = = = O WORDS POWERED BY TINY P MacBook Pro 2 Close Window Save and Submit Click Submit to complete this assessment. Question 4 of Question 4 15 points Save Answer Assume your firm receive four checks every day each one of them worth 10.000 dirham. Normally it takes 5 days to clear the checks and the current interest rate is .013 percent per day. a. What is the company's float? [5 Points] .b. What is the most Purple Feet should be willing to pay today to eliminate its float entirely? [5 Points) *c. What is the highest daily fee the company should be willing to pay to eliminate its float entirely? 15 Points] For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Us Paragraph Arial 14px !!! T. % . 6 = = = = O WORDS POWERED BY TINY P MacBook Pro

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