Assume
that liquid funds can be invested to yield 12%. If annual remittance
checks total $2 billion, what is it worth for the firm to reduce float
by 1 day?
a. $54,833
b. $657,534
c. $1,000,000
d. $24,000,000
a. $54,833
b. $657,534
c. $1,000,000
d. $24,000,000
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