Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Suppose that the interest rate on Treasury bills is 6%, and every sale of bills costs P60. You pay out cash at a rate of P800,000 a year. According to Baumol's model of cash balances, what is Q?
P17,376
P20,000
P50,000
P40,000
P10,000
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