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Use the following information to answer this question: The company is ok with a $0 cash balance. How many security sales with the firm have

Use the following information to answer this question: The company is ok with a $0 cash balance. How many security sales with the firm have in one year assuming the Baumol model assumptions are valid?

Annual disbursements $ 4,000,000

Cash return level per Baumol model $ 50,000

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