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a company knows that its total demand for cash next month will be R550 000. the fixed cost per order of converting marketable securities into

a company knows that its total demand for cash next month will be R550 000. the fixed cost per order of converting marketable securities into cash is R65.00. the monthly interest rate on short term marketable securities is2%. Use the Baumol model to calculate the optimal cash withdrawal amount to the nearest rand.

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