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We discussed numerous motivations for firms to hold cash and marketable securities. Choose two of those motivations and BRIEFLY explain them to your friend with

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We discussed numerous motivations for firms to hold cash and marketable securities. Choose two of those motivations and BRIEFLY explain them to your friend with minimal knowledge of financial management. Note that you don't need to go in depth and a brief explanation to convey the main point suffices. [10 points]

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