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Business, 05.05.2020 20:05 moneymaleia9264

Sherman Peabody earns a monthly salary of ​$1,500​, which he receives at the beginning of each month. He spends the entire amount each month at the rate of ​$50 per day.​ (Assume 30 days in a​ month.) The interest rate paid on bonds is 6 percent per month. It costs ​$4 every time Peabody sells a bond. The optimal average level of money holdings is the amount that .

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Sherman Peabody earns a monthly salary of ​$1,500​, which he receives at the beginning of each m...
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