A Firm Has Estimated That It Will Need $3,000,000 Net

question 37

Multiple Choice

A firm has estimated that it will need $3,000,000 net cash during the year.Current interest rate on money market securities is 6 percent per year and the cost of buying and selling securities cost $50 per transaction.What is the optimal transaction size of securities?

• A)$70,710.68
• B)$25,100.00
• C)$65,285.21
• D)$92,511.11 With Baumol's model

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