What will be its optimal cash replenishment, Financial Management

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What will be its optimal cash replenishment

Rose Axels faces a smooth annual demand for cash of $5.04 million, incurs transaction costs of $279 every time the company sells marketable securities, and can earn 4.7 percent on its marketable securities.

What will be its optimal cash replenishment level?

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Financial Management: What will be its optimal cash replenishment

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Financial Management: What will be its optimal cash replenishment

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