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Why are money market preferred stocks an attractive short-term investment? What is a target cash balance? What is the basic trade-off in the BAT model?

Why are money market preferred stocks an attractive short-term investment? What is a target cash balance? What is the basic trade-off in the BAT model? 20A.1c Describe how the Miller-Orr model works. 

What considerations enter into the determination of the terms of sale? 

 Explain what terms of 3/45, net 90 mean. What is the effective interest rate? 

 

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