Under the Miller- Orr cash balance model,all of the following are incorrect except:
A) The lower cost per trade in fixed income securities,the greater the upper limit will be
B) The lower cost per trade in fixed income securities,the smaller the upper limit will be
C) The higher cost per trade in fixed income securities,the greater the upper limit will be
D) The higher cost per trade in fixed income securities,the smaller the upper limit will be
Correct Answer:
Verified
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