Question
1. Review the interest rate data provided for 2017. Assume that the 10-year treasury rate is the applicable measure of return for excess cash balances.
1. Review the interest rate data provided for 2017. Assume that the 10-year treasury rate is the applicable measure of return for excess cash balances. Do you agree with the average 2017 rate specified (note you can disregard the slight time period difference between the calendar year and Home Depots fiscal year)? Perform a calculation of the rate you would use (referencing only the materials provided) that either confirms the rate given, or provides an alternative. Support your answer.
2. Given your analysis above, calculate the amount of wasting cash for Home Depot for FY2017 using average balances for the year. Show your calculations and document the logic underlying your analysis
https://www.chegg.com/homework-help/questions-and-answers/review-interest-rate-data-provided-2017-assume-10-year-treasury-rate-applicable-measure-re-q42735132
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