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Posts: 167
2 weeks ago
What is a precautionary balance?

▸ the cash a firm holds to gain tax advantages

▸ the cash a firm holds to counter the uncertainty surrounding its future cash needs

▸ the cash a firm places into short-term investments

▸ the cash a firm holds in order to pay its bills
Textbook 
Fundamentals of Corporate Finance
Edition: 2nd
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2 weeks ago
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the cash a firm holds to counter the uncertainty surrounding its future cash needs
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