Find what will be the optimal cash return point

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Question 1: Brickstone shoes would like to maintain their cash account at a minimum level of $58,000 but expect the standard deviation in the daily cash flows to be $4800 the effective annual rate on marketable securities to be 6.75% per year and the trading cost per sale and purchase of marketable securities to be $180 per transaction what will be the optimal cash return point round your answer to two decimal points

Reference no: EM132588249

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