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Hollywood Shoes would like to maintain their cash account at a minimum level of $50,000, but expect the standard deviation in net daily cash flows

Hollywood Shoes would like to maintain their cash account at a minimum level of $50,000, but expect the standard deviation in net daily cash flows to be $4,000; the effective annual rate on marketable securities to be 6.00 percent per year; and the trading cost per sale or purchase of marketable securities to be $100 per transaction. What will be their optimal upper cash limit? (Round your answer to the nearest dollar amount.) Multiple Choice $54,000 $71,559.92 $108,765.41 $73,729.76

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