Fischer inc would like to maintain its cash account at a, Financial Management

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Fischer inc would like to maintain its cash account at a

Fischer Inc. would like to maintain its cash account at a minimum level of $36,000 but expects the standard deviation in net daily cash flows to be $3,100, the effective annual rate on marketable securities to be 3.4 percent per year, and the trading cost per sale or purchase of marketable securities to be $310 per transaction. What will be its optimal upper cash limit? There's a similar question on here but the answer is wrong...

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Financial Management: Fischer inc would like to maintain its cash account at a

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