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 $1,000,000 with an up-front fee of 40 basis points and a back-end fee of 20 basis points. The take-down on the loan is 30 percent.
A) $1,400
B) $4,000
C) $5,400
D) $6,000
Correct Answer:
Verified
Correct Answer:
Verified
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