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15 Exam: Chapters 11, 12 & 14 i Saved Help Save & Exit Submit Hollywood Shoes would like to maintain their cash account at a

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15 Exam: Chapters 11, 12 & 14 i Saved Help Save & Exit Submit Hollywood Shoes would like to maintain their cash account at a minimum level of $56,000, but expect the standard deviation in net daily cash flows to be $4,600; the effective annual rate on marketable securities to be 6.25 percent per year; and the trading cost per sale or purchase of marketable securities to be $160 per transaction. What will be their optimal cash return point? (Round your answer to 2 decimal places.) Multiple Choice 19 $77,315.83 $80,064.97 $80,818.06 $60,60 O

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