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Joe's Burgers would like to maintain their cash account at a minimum level of $ 3 0 0 , 0 0 0 , but expects
Joe's Burgers would like to maintain their cash account at a minimum level of $ but expects the standard deviation in net daily cash flows to be
$; the effective annual rate on marketable securities to be percent per year; and the trading cost per sale or purchase of marketable securities to
be $ per transaction. What will be their optimal upper cash limit
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