What is the firms net float

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Reference no: EM131020305

On an average day, a company writes checks totaling $1,500. These checks take 7 days to clear. The company receives checks totaling $1,800. These checks take 4 days to clear. The cost of debt is 9%. What is the firm's net float? A. $-3,300 B. $-300 C. $300 D. $3,300 E. None of these.

Reference no: EM131020305

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