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Agro International has a foreign subsidiary, which requires $200K cash every month. It uses a wire service for the cash transfer. The cost of wire

Agro International has a foreign subsidiary, which requires $200K cash every month. It uses a wire service for the cash transfer.

The cost of wire transfer is $100.

In order to send cash to its subsidiary, the Agro has to liquidate part of its securities portfolio which generates 12% annual return.

How many wire transfers PER YEAR should Agro make?

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