Rose axels faces a smooth annual demand for cash of 507


Rose Axels faces a smooth annual demand for cash of $5.07 million, incurs transaction costs of $282 every time the company sells marketable securities, and can earn 5.0 percent on its marketable securities.

What will be its optimal cash replenishment level?

 

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Finance Basics: Rose axels faces a smooth annual demand for cash of 507
Reference No:- TGS0608739

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