A firm has a greater likelihood of needing an unexpected loan when its cash flows are relatively constant over time.
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Q48: The cost of borrowing and the cost
Q49: In regards to the Miller-Orr Model, the
Q50: In regards to the BAT and Miller-Orr
Q51: The target cash balance decreases as the
Q52: A shortcoming of both the BAT and
Q54: If the lower limit on cash balances
Q55: Under the BAT model, a decrease in
Q56: Under the BAT model, an increase in
Q57: Management's desired lower level of cash is
Q58: The BAT model is a complex model
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