Hollywood Shoes would lke to maintain their cash account at a minimum level of $61,000,...
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Hollywood Shoes would lke to maintain their cash account at a minimum level of $61,000, but expect the standacd deviation in net dally cash flows to be $5, loo; the effective annual rate on marketable securitles to be 625 percent per yeor, and the tradng cost per sale or purchase of marketable securities to be 5210 per transaction. What wil be their optimal upper cash Amit? (Round your answer to the nearest doliar omount)
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