A loan commitment of 435 million has an up-front fee of 70, Ask an Expert

Finance

A loan commitment of $4.35 million has an up-front fee of 70 basis points and a back-end fee of 35 basis points. The take down on the loan is 60 percent.

Calculate the total fees you will pay on this loan commitment. (Round your answer to 2 decimal places.)

Total fees $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92420840

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