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Question 6 FINC 301's optimal cash transfer amount, using the Baumol model, is GHS 60,000. The firm's fixed cost per cash transfer of marketable securities

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Question 6 FINC 301's optimal cash transfer amount, using the Baumol model, is GHS 60,000. The firm's fixed cost per cash transfer of marketable securities to c ash is GHS 180, and the total cash needed for transactions annually is GHS 960,000. On what opportunity cost of holding cash was this analysis base d? (10 marks)

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