Corporate Finance
Corporate Finance
12th Edition
ISBN: 9781259918940
Author: Ross, Stephen A.
Publisher: Mcgraw-hill Education,
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Chapter 27, Problem 11CQ
Summary Introduction

To describe: The merits and demerits of the use of the excess cash of reducing outstanding debt.

Cash Management:

Cash management refers to managing of cash related activities in the operation of the business as how much cash should be kept in business and how much to be invested in assets.

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