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Business, 28.03.2020 04:20 carlinryan

Suppose that the interest rate on treasury bills is 6% and every sale of bills costs 20. You pay out a cash at a rate of 400,000 a month. According to Baumol's model of cash balances, how many times should you sell bills?

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Suppose that the interest rate on treasury bills is 6% and every sale of bills costs 20. You pay out...

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