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Veggie Burgers, Inc., would like to maintain its cash account

/in /by

Veggie Burgers, Inc., would like to maintain its cash account at a
minimum level of $254,000 but expects the standard deviation in net daily cash flows to be $12,900, the effective annual rate on marketable securities to be 4.6 percent per year, and the trading cost per sale or purchase of marketable securities to be $32.00 per transaction.

What will be its optimal upper cash limit?

 
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