Question: 9. Conduct a Millerrr analysis using the data in prnhlerns E but with a lower rash limit of $5,. a. h. 1What sheuld the cash

9. Conduct a Millerrr analysis using the data in prnhlerns E

9. Conduct a Millerrr analysis using the data in prnhlerns E but with a lower rash limit of $5,. a. h. 1What sheuld the cash return level be, using the Mler-Drr medel? 1What is your estimate of the average cash balance if the Miller-Orr calenlatinn is used to set the cash return level? Haw d you explain ynur nding in part a tn the assistant treasurer, who wants to knew how to use the infermatien provided by the tnndel? Ifthe variance of daily net cash aws is $1,, instead nf$5,,, hew dees this change the answer determined in part a? Is the cash return level double your earlier result? Haw dn vnu interpret this

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