Bates Corporation has determined that its target cash balance if it uses the BAT model is $1,000.
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Bates Corporation has determined that its target cash balance if it uses the BAT model is $1,000. The total cash needed for the year is $16,000, and the order cost is $5. What interest rate must Bates be using?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780072553079
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
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