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3.What is the advantage and risk of having lower balance of cash?the same for higher balance of cash? 4. Choice Hotels had signicant fluctuation in

3.What is the advantage and risk of having lower balance of cash?the same for higher balance of cash? 4. Choice Hotels had signicant fluctuation in "Cash Used in Investing Activities" over the years. Why?

5. What are the risks faced by Choice hotels and its industry as they relate to the current Covid-19 crisis worldwide? Be specifc in relation to CFs

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