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a big company is expecting to make 10$ million in payments next year. it holds most of its cash in bank accepted bills which is

a big company is expecting to make 10$ million in payments next year. it holds most of its cash in bank accepted bills which is yield 5% interest. transaction costs associated with liquidating bank accpted bills are $40 for each trade. what is optimum amount of its fixed income investment that the company should liquidate periodically

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