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Business, 24.07.2019 21:30 anthony983

Hollywood shoes would like to maintain their cash account at a minimum level of $51,000, but expect the standard deviation in net daily cash flows to be $4,100; the effective annual rate on marketable securities to be 6.25 percent per year; and the trading cost per sale or purchase of marketable securities to be $110 per transaction. what will be their optimal cash return point? (round your answer to 2 decimal places.)

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