Smith & OLeary $($S&O$)$ received an unexpected opportunity: a significant competitor offered all its assets to S&O at extremely discounted prices. Although purchasing the assets was not in S&Os plans, it decided to take advantage of the unique opportunity. This situations illustrates a___________$\_\_\_\_\_\_\_\_$ need to hold cash. 

 

A. float

 

B. speculative

C. precautionary

D. transaction

E. compensation

Answer rating: 100% (QA)

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