Question 1. Corporate Financing and Cash Policy
See the following recent article "The U.S. Treasury has less cash on hand than Apple Inc" below, which is relevant to our Class/Topic #7 and #8 materials on financial management:
https://tech.fortune.cnn.com/2011/07/29/the-u-s-treasury-has-less-cash-on-hand-than-apple-inc/
Question: What is your own understanding of why Apple Inc is holding $76.156 billion in cash and marketable securities? Can you relate Apple's decision to financial management theories? Provide your original discussion and example.