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Firms should hold cash in a sufficient quantity so that the marginal value of liquidty noticeably exceeds the value of interest forgone. True or False

Firms should hold cash in a sufficient quantity so that the marginal value of liquidty noticeably exceeds the value of interest forgone.

True or False

Pro Formas refers to:

a. plans developed by a certified financial planner

b. the inputs in the financial planning process

c. projected financial statements

d. deviations in results from previous financial plans

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