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Ocampo Co estimates its total annual cash requirements at about P600000 It costs the company P25 to convert cash from marketable securities and vice versa Ocampos yield on its temporary investment

Ocampo Co. estimates its total annual cash requirements at about P600,000. It costs the company P25 to convert cash from marketable securities and vice versa. Ocampo’s yield on its temporary investments is 12%. What is the total costs of keeping Ocampo’s cash?
A. P2,846            C. P6,000
B. P1,897            D. P3,242

Jun 20 2021 View more View Less

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