Solved: Miller-orr model, In the Miller-Orr Model, which is NOT true ______. When the cash, Accounting Basics

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Miller-orr model

Problem:

In the Miller-Orr Model, which is NOT true ______

When the cash balance falls to zero, the amount coverted from maretable securities to cash is the amount represented by the upper limit

or

When the cash balance reaches the upper limit, an amount equal to the return point minus the upper limit is converted to marketable securities

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Accounting Basics: Miller-orr model

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