Hollywood Shoes would the to msintain thek cash sccount at a mirimum level of 560000...
60.1K
Verified Solution
Link Copied!
Question
Finance
Hollywood Shoes would the to msintain thek cash sccount at a mirimum level of 560000 , but expect the standerd deviation in net dally cash tows to be 55.000 ; the effective annual rate on marketable securties to be 6.00 percent per year end the trading cost per saie or purchase of morkotoble secuities to be $200 per transacton. What will be meir optimal cash retiam polnt (Mound your answer to 2 decimal ploces)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
