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Rose Resources faces a smooth annual demand for cash of $10.3 million; incurs transaction costs of $340 every time they sell marketable securities, and can earn 4.2 percent on their marketable securities. What will be their optimal cash replenishment level? (Round your answer to 2 decimal places.)

$39,647.08

$288,757.60

$28,875.76

$408,364.92

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M91564759

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