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Business, 24.10.2019 03:20 fezez5304

Rose resources faces a smooth annual demand for cash of $10 million; incurs transaction costs of $325 every time they sell marketable securities; and can earn 3.9 percent on their marketable securities. what will be their optimal cash replenishment level?

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Rose resources faces a smooth annual demand for cash of $10 million; incurs transaction costs of $3...
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