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ABC Sdn Bhd has identified that it needs RM24 million in cash next year. Its opportunity cost of funds is 10% and the cost of

ABC Sdn Bhd has identified that it needs RM24 million in cash next year. Its opportunity cost of funds is 10% and the cost of converting marketable securities to cash costs RM30.00. Calculate ABCs optimal deposit size and its total cost of funds.

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