Business
Business, 25.10.2019 18:43, lathwkuster

Happy feet would like to maintain their cash account at a minimum level of $75,000, but expects the standard deviation in net daily cash flows to be $5,000; the effective annual rate on marketable securities to be 7 percent per year; and the trading cost per sale or purchase of marketable securities to be $150 per transaction. what will be their optimal upper cash limit? (a) $80,000.00(b) $99,755.64(c) $76,593.42(d) $82,548.18

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