Aia inc is looking to manage its cash position using the, Ask an Expert

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AIA Inc. is looking to manage its cash position using the EOQ model. The company is consuming cash at the rate of $5800 per day, and is open for business 365 days in the year. Each time the firm sells securities to obtain the cash, it costs them $210. The interest rate is 2.20%. What are the annual storage costs associated with the EOQ?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92759010

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