Question
Rose Resources faces a smooth annual demand for cash of $10.7 million; incurs transaction costs of $360 every time they sell marketable securities, and can
Rose Resources faces a smooth annual demand for cash of $10.7 million; incurs transaction costs of $360 every time they sell marketable securities, and can earn 4.6 percent on their marketable securities. What will be their optimal cash replenishment level? (Round your answer to 2 decimal places.)
$409,241.08
$28,937.71
$38,246.83
$289,377.14
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Financial Services Sales Handbook A Professionals Guide To Becoming A Top Producer
Authors: Clifton T. Warren
1st Edition
1631574930, 978-1631574931
