Hele Seve 5 ou are working for a Toronto-based Biotech company as the Chief Financial...
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Hele Seve 5 ou are working for a Toronto-based Biotech company as the Chief Financial Officer (CFO) Your company has $80.000.000 of excess cash and on March 3, 2021 you notice that the base of Canada overnight money market financing rate is 02044% (this is an annualized overnight rate) if you consider depositing your company's excess cash ($80.000.000 for 30.consecutive days in the money market financiang rate, calculate the after-tax interest income assuming that the tax rate on interest income is 40%. Also, assume that there is no transaction costs Done use the sign your answer is $123 456 78. enter 12345678) Numatic Hesponse CP 23 Next > o
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