Q: Otis-Spain is in a cash deficit of 250 million and can arrange a shortterm loan from

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Q: Otis-Spain is in a cash deficit of €250 million and can arrange a shortterm loan from Banco de Santander at the annual rate of 6 percent. Otis-

Germany earns 3 percent on its €250 million short-term investment, and Otis-

Switzerland – its central cash depository – earns 4 percent on its €100 million consolidated cash balance. What are the benefits of centralized cash management for Otis?

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International Corporate Finance

ISBN: 9781119550464

2nd Edition

Authors: Laurent L. Jacque

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Question Posted: Oct 24, 2024 03:02 AM

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Q: Otis-Spain is in a cash deficit of 250 million and can arrange a shortterm loan from

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International Corporate Finance

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