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Hollywood Shoes would like to maintain their cash account at a minimum level of $56,000, but expect the standard deviation in net daily cash flows
Hollywood Shoes would like to maintain their cash account at a minimum level of $56,000, but expect the standard deviation in net daily cash flows to be $4,600; the effective annual rate on marketable securities to be 6.25 percent per year; and the trading cost per sale or purchase of marketable securities to be $160 per transaction. What will be their optimal cash return point? (Round your answer to 2 decimal places.) Multiple Choice $77,315.83 O O $80,064.97 $80.818.06 $60,600.00 O
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