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cash account at a minimum level of $43,000 but expects a deviation in net daily cash flows to be $3,800, the effective annual rate of

cash account at a minimum level of $43,000 but expects a deviation in net daily cash flows to be $3,800, the effective annual rate of marketable securities is 2.7 percent per year, and the trading cost per sale or purchase of marketable securities to be $380 per transaction.

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