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A firm expects cash outlays of R1 200 000 for its next financial year. Converting marketable securities to cash will cost R60 per conversion. The

A firm expects cash outlays of R1 200 000 for its next financial year. Converting marketable securities to cash will cost R60 per conversion. The marketable security portfolio earns an annual return of 12%. The economic conversion quantity for cash (ECQ) by means of the Baumol model is closest to ...

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