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Hollywood Shoes would like to maintain their cash account at a minimum level of $69,000, but expect the standard deviation in net daily cash flows
Hollywood Shoes would like to maintain their cash account at a minimum level of $69,000, but expect the standard deviation in net daily cash flows to be $5,900; 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 $290 per transaction What will be their optimal cash return point? (Round your answer to 2 decimal places.) O $74,900.00 $103,437.46 $91,717.99 O $87,903.31
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