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Natkins Resources faces a smooth annual demand for cash of $1.69 million, incurs transaction costs of $66 every time the firm sells narketable securities, and
Natkins Resources faces a smooth annual demand for cash of $1.69 million, incurs transaction costs of $66 every time the firm sells narketable securities, and can earn 2.8 percent on its marketable securities. What will be its optimal cash replenishment level? Note: Enter your answer in dollars not in millions. Round your answer to 2 decimal places Step by Step Solution
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee, W.H.C. Bassetti
11th Edition
1032241829, 978-1032241821
