Question
A firm earns 5% on its marketable securities. It costs $500 in commissions to convert the securities into cash. If the firm has annual cash
A firm earns 5% on its marketable securities. It costs $500 in commissions to convert the securities into cash. If the firm has annual cash disbursements of $20,000,000. What is the optimal conversion amount? What is the total cost of carrying cash?
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The Financial Diet A Total Beginners Guide To Getting Good With Money
Authors: Chelsea Fagan, Lauren Ver Hage
1st Edition
1250176166, 978-1250176165
