Rose axels faces a smooth annual demand for cash of 512


Qusetion: Rose Axels faces a smooth annual demand for cash of $5.12 million, incurs transaction costs of $273 every time the company sells marketable securities, and can earn 4.1 percent on its marketable securities.

What will be its optimal cash replenishment level? (Enter your answer in dollars not in millions. Round your answer to 2 decimal places.)

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Finance Basics: Rose axels faces a smooth annual demand for cash of 512
Reference No:- TGS02868310

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