Multiple Choice
Calculate the total fees a firm would have to pay when its bank offers the firm the following loan commitment: A loan commitment of $1,500,000 with an up-front fee of 95 basis points and a back-end fee of 25 basis points. The take-down on the loan is 50 percent.
A) $15,550
B) $16,125
C) $18,125
D) $15,955
Correct Answer:
Verified
Correct Answer:
Verified
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