Question
Veggie Burgers, Inc., would like to maintain its cash account at a minimum level of $262,000 but expects the standard deviation in net daily cash
| Veggie Burgers, Inc., would like to maintain its cash account at a minimum level of $262,000 but expects the standard deviation in net daily cash flows to be $13,700, the effective annual rate on marketable securities to be 3.0 percent per year, and the trading cost per sale or purchase of marketable securities to be $36.00 per transaction. |
| What will be its optimal upper cash limit? |
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Entrepreneurial Finance Venture Capital Deal Structure And Valuation
Authors: Janet Kiholm Smith, Richard L. Smith
2nd Edition
1503603210, 978-1503603219
