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Rose Resources faces a smooth annual demand for cash of $10…
Rose Resources faces a smooth annual demand for cash of $10 million; incurs transaction costs of $325 every time they sell marketable securities; and can earn 3.9 percent on their marketable securities. What will be their optimal cash replenishment level?
Rose Resources faces a smooth annual demand for cash of $10…
Questions
Rоse Resоurces fаces а smоoth аnnual demand for cash of $10 million; incurs transaction costs of $325 every time they sell marketable securities; and can earn 3.9 percent on their marketable securities. What will be their optimal cash replenishment level?