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The Blue Star generally receives only three checks a month with amounts of $14,809, $16,211, and $14,750. These checks all have a collection delay of
- The Blue Star generally receives only three checks a month with amounts of $14,809, $16,211, and $14,750. These checks all have a collection delay of 1.5 days. Given this information, what is the amount of the average daily float? Assume every month has 30 days.
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