Rose resources faces a smooth annual demand for cash of 101, Ask an Expert

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Rose Resources faces a smooth annual demand for cash of $10.1 million; incurs transaction costs of $330 every time they sell marketable securities, and can earn 4.0 percent on their marketable securities. What will be their optimal cash replenishment level? (Round your answer to 2 decimal places.)

$40,418.60

$408,227.88

$288,660.70

$28,866.07

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92100447

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