Question: Spreadsheet Problem: Optimal Upper Cash Limit HotFoot Shoes would like to maintain its cash account at a minimum level of $ 2 5 , 0

Spreadsheet Problem: Optimal Upper Cash Limit HotFoot Shoes would like to maintain its cash account at a minimum level of $25,000 but expects the standard deviation in net daily cash flows to be $2,000, the effective annual rate on marketable securities to be 3.5 percent per year, and the trading cost per sale or purchase of marketable securities to be $200 per transaction. What will be its optimal upper cash limit?
Spreadsheet Problem: Optimal Upper Cash Limit HotFoot Shoes would like to

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