Purchase of marketable securities

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Reference no: EM132057711

Veggie Burgers, Inc., would like to maintain its cash account at a minimum level of $248,000 but expects the standard deviation in net daily cash flows to be $12,300, the effective annual rate on marketable securities to be 5.0 percent per year, and the trading cost per sale or purchase of marketable securities to be $29.00 per transaction. What will be its optimal cash return point? (Use 365 days a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Optimal cash return point $

Reference no: EM132057711

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