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What is the economic order quantity (EOQ) assuming the annual demand for cash is $1 million, the cost of converting marketable securities to cash is

What is the economic order quantity (EOQ) assuming the annual demand for cash is $1 million, the cost of converting marketable securities to cash is $1,000 per transaction, and the market bearing interest rate is 4.5%? What is the number of cash conversions per year?

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