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Home Q & A Board Other Fields Homework Help Business Finance
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achalmers achalmers
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4 years 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

Fundamentals of Corporate Finance


Edition: 2nd
Authors:
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sarahlouhiggsarahlouhigg
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4 years ago
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achalmers Author
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4 years ago
Helped a lot
TheMoffattMan
wrote...

Yesterday
this is exactly what I needed
acaruso
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2 hours ago
Thanks
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