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Previous Page Next Page Page 12 of 2 Question 12 (2 points) Assume that Ted's Bike Shop uses up cash at a rate of $140,000

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Previous Page Next Page Page 12 of 2 Question 12 (2 points) Assume that Ted's Bike Shop uses up cash at a rate of $140,000 per year. The interest rate is 6% and each sale of securities costs $10. What is Ted's optimal cash balance and how many times a year should she sell securities? $2,160.25, 64.81 times. $6831.30, 20.49 times $4830.46, 28.98 times $11,666.67, 12 times Page 12 of 20 Previous Page Next Page

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