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Book: Contemporary Financial Management 14E Chapter 16 : Integrated Case Problem 1. Anderson's bank requires a compensating balance of $3 million. How much additonal funds

Book: Contemporary Financial Management 14E

Chapter 16 : Integrated Case Problem

1. Anderson's bank requires a compensating balance of $3 million. How much additonal funds can be freed up for investment in fixed assests if the firm reduces it's cash balance to the minimum required by the bank?

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