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Memphic Memphic
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7 years ago
Rearden Metal has no debt, and maintains a policy of holding $50 million in excess cash reserves, invested in risk free treasury securities currently yielding 4%. If Rearden is in the 40% marginal tax bracket, the cost of permanently maintaining this $50 million reserve is closest to:
A) $0.8 million
B) $1.2 million
C) $20.0 million
D) $30.0 million
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
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anicidanicid
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