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13. The Variance of the daily net cash flows for the Tseneg Asian Import Company is $1.44 million The opportunity cost to the firm of
13. The Variance of the daily net cash flows for the Tseneg Asian Import Company is $1.44 million The opportunity cost to the firm of holding cash is 8 percent per year. The fixed cost of buying and selling securities is $600 per transaction What should the target cash level and upper limit be, if the tolerable lower limit has been established at $20,000
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