Veggie Burgers, Inc., would like to maintain their cash account at a minimum level of $245,000, but
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Veggie Burgers, Inc., would like to maintain their cash account at a minimum level of $245,000, but expect the standard deviation in net daily cash flows to be $12,000, the effective annual rate on marketable securities to be 4.7 percent per year, and the trading cost per sale or purchase of marketable securities to be $27.50 per transaction. What will be their optimal cash return point?
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Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
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