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Problem 1 4 - 2 3 Optimal Upper Cash Limit ( LG 1 4 - 8 ) Veggie Burgers, Inc. would like to maintain its
Problem Optimal Upper Cash Limit LG
Veggie Burgers, Inc. would like to maintain its 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 its optimal upper cash limitUse days a year. Do not round intermediate calculations. Round your final answer to decimal places.
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