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The BAT model: A. Maximizes the opportunity costs of holding cash B. maximizes the benefits of leverage C. Analyzes the cash balance given fluctuating cash

The BAT model:

A. Maximizes the opportunity costs of holding cash

B. maximizes the benefits of leverage

C. Analyzes the cash balance given fluctuating cash outflows

D. Eliminates all daily cash surpluses

E. Assumes net cash outflows are consistent over time

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