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(Cash Management) 15% DJM Corporation has an average daily cash balance of $200. Total cash needed for the year is $20,000. The interest rate is
(Cash Management) 15% DJM Corporation has an average daily cash balance of $200. Total cash needed for the year is $20,000. The interest rate is 5 percent, and replenishing the cash costs $8 each time. What are the opportunity cost of 3 holding cash, the trading cost, and the total cost? What do you think of DJM's strategy
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