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Martin Inc is considering a lock box system that will increase its check processing cost by $0.15 per check. The company estimates an average check size of $1700 and expects the lock box to reduce check collection by 3 days. What annual before tax yield must martin inc earn on its marketable securities for the system to be beneficial?
A)1.118% B)1.825% C)0.735% D)1.074%
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Which of the following statements concerning futures markets is false?
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