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Markin Corporation has to send some money to Dhaka and is indifferent to its choice between the use of DTC and wire transfer. A DTC
Markin Corporation has to send some money to Dhaka and is indifferent to its choice between the use of DTC and wire transfer. A DTC costs Tk.7.25 and takes three days while a wire transfer costs Tk.15 and funds are immediately available. Markins opportunity cost of overnight investment is 12 percent. How much money does Markin have to send?
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