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Hollywood Shoes would like to maintain their cash account at a minimum level of $54,000, but expect the standard deviation in net daily cash flows
Hollywood Shoes would like to maintain their cash account at a minimum level of $54,000, but expect the standard deviation in net daily cash flows to be $4,400, the effective annual rate on marketable securities to be 7.00 percent per year, and the trading cost per sale or purchase of marketable securities to be $140 per transaction. What will be their optimal upper cash limit? (Round your answer to the nearest dollar amount) O $58,400 O $74,452.37 O $120,649.38 $76,913.31
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