(Solution) - Bruno Johnson chief financial officer of Tollerud Company has -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Bruno Johnson, chief financial officer of Tollerud Company, has determined that Tollerud should keep on hand $35 million in cash or near-cash assets in order to maintain proper liquidity. Bruno is now trying to determine how to allocate the $35 million among the checking account, certificates of deposit, and treasury notes. What factors should influence Bruno?s decision?