Question: please show steps ( dont use excel ) A firm has estimated that it will need $ 3 . 3 million net cash during the
please show steps dont use excel
A firm has estimated that it will need $ million net cash during the year. Current interest rate on money market securities is per year and the cost of buying and selling securities is $ per transaction. What is the optimal transaction size of securities
a
$
b
$
c
$
d
$
e
$
The answer is not d
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