Multiple Choice
A $200 million loan commitment has an up-front fee of 20 basis points and a back-end fee of 25 basis points on the unused portion. If 50 percent of the commitment is drawn down, the back-end fee is
A) $250,000.
B) $4,000,000.
C) $400,000.
D) $775,000.
E) $375,000.
Correct Answer:
Verified
Correct Answer:
Verified
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