Question
What will be your annual cost, if you have an average cash balance is $2,000, and you will withdraw $500 every 8th day, nominal interest
What will be your annual cost, if you have an average cash balance is $2,000, and you will withdraw $500 every 8th day, nominal interest rate is 3%, opportunity cost is 15%, and probability of loss is 5%.
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Applied Corporate Finance
Authors: Aswath Damodaran
4th edition
978-1-118-9185, 9781118918562, 1118808932, 1118918568, 978-1118808931
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