August 2011
Beginner
547 pages
16h 12m
English
Content preview from Fundamentals of Financial Management, Third EditionBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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NUMERICAL PROBLEMS
- A firm disburses Rs 30 lakh every year. Conversion charge is Rs 50 per conversion. The current risk-free interest rate is 9%. Find out the optimal cash balance using Baumol model.
- A firm maintains a minimum cash balance of Rs 20,000. Standard deviation of the daily cash flow is Rs 2,500. The annual interest rate is 9%. The conversion cost is Rs 50 per transaction. Find out the upper limit, return point and average cash balance using the Miller — Orr technique.
- Everyday a company receives an average of Rs 50,000 in the form of cheques. As per the practice, the cheques are deposited with the banker only twice a week: Wednesday and Friday. If the interest rate on bank overdraft is 16%, find out the weekly cost of float.
- A firm ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.