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Hollywood Shoes would the to msintain thek cash sccount at a mirimum level of 560000...

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Finance

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Hollywood Shoes would the to msintain thek cash sccount at a mirimum level of 560000 , but expect the standerd deviation in net dally cash tows to be 55.000 ; the effective annual rate on marketable securties to be 6.00 percent per year end the trading cost per saie or purchase of morkotoble secuities to be $200 per transacton. What will be meir optimal cash retiam polnt (Mound your answer to 2 decimal ploces)

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