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Category > Business & Finance Posted 05 Aug 2017 My Price 6.00

19-7A. (Valuing float reduction) Griffey


19-7A. (Valuing float reduction) Griffey Manufacturing Company is forecasting that next year’s gross revenues from sales will be $890 million. The senior treasury analyst for the firm expects the marketable securities portfolio to earn 9.60 percent over this same time period. A 365-day year is used in all the firm’s financial procedures. What is the value to the company of one day’s float reduction?

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Status NEW Posted 05 Aug 2017 07:08 PM My Price 6.00

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