Hardrock Hardware PLC estimate a cash of $2 500 000 over the next five months. This  amount is available to the firm in the form of marketable securities. It can earn 10%  annual yield on its marketable securities. Conversion of marketable securities into  cash entails a fixed cost of $750 per transaction. Determine: i. Optimum cash balance  ii. Average cash holding  iii. Number of transactions  iv. Average number of days per transaction (assume 30 days per month)  v. Total cost of holding cash balance vi. Per day usage of cash

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