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(Solved) (Latest ver. Aug 2020) - Miller-Orr Model

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Question:

In the Miller-Orr Model, which is NOT true ______

When the cash balance falls to zero, the amount coverted from maretable securities to cash is the amount represented by the upper limit

or

When the cash balance reaches the upper limit, an amount equal to the return point minus the upper limit is converted to marketable securities

 







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This question was answered on: Sep 16, 2020

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