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Stellar Shoes would like to maintain their cash account at a minimum level of $25,000, but expects the standard deviation in net daily cash flows

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Stellar Shoes would like to maintain their cash account at a minimum level of $25,000, but expects the standard deviation in net daily cash flows to be $2,000; the effective annual rate on marketable securities to be 5 percent per year, and the trading cost per sale or purchase of marketable securitles to be $100 per transaction. What will be their optimal upper cash lmit? Ct:0012 Multiple Choice $1427202 $38,092.34 $27000 $64,27702

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