St lukes convalescent center has 200000 in surplus funds, Ask an Expert

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St. Luke's Convalescent Center has $200,000 in surplus funds that it wishes to invest in marketable securities.

If transaction costs to buy and sell the securities are $2,200 and the securities will be held for three months, what required annual yield must be earned before the investment makes economic sense?

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Category:- Basic Finance
Reference No.:- M9994973

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