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Your neighbour goes to the post office once a month and picks up two cheques, one for £18,000 and one for £4,000. The larger cheque takes 4 days to clear after it is deposited; the smaller one takes 6 days. Assume 30 days per month. What is the weighted average delay? A 4.36 days B) 4.78 days 5.00 days 4.21 days Mar E Question 11 188

Your neighbour goes to the post office once a month and picks up two cheques, one for £18,000 and one for £4,000. The larger cheque takes 4 days to clear after it is deposited; the smaller one takes 6 days. Assume 30 days per month. What is the weighted average delay? A 4.36 days B) 4.78 days 5.00 days 4.21 days Mar E Question 11 188

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Your neighbour goes to the post office once a month and picks up two cheques, one for £18,000 and one for £4,000. The larger cheque takes 4 days to clear after it is deposited; the smaller one takes 6 days. Assume 30 days per month. What is the weighted average delay? A 4.36 days B) 4.78 days 5.00 days 4.21 days Mar E Question 11 188
Transcribed Image Text:Your neighbour goes to the post office once a month and picks up two cheques, one for £18,000 and one for £4,000. The larger cheque takes 4 days to clear after it is deposited; the smaller one takes 6 days. Assume 30 days per month. What is the weighted average delay? A 4.36 days B) 4.78 days 5.00 days 4.21 days Mar E Question 11 188
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