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What is the expected annual return

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Reference no: EM132791453

Problem 1: Your company is opening a bank line of credit. The facility amount is $10MM with $3MM funded. The interest rate is 5% per year based on a three year commitment. The unused line fee is 0.2%, the commitment feeis 0.75% and the closing fee is 1%. What is the expected annual return?

A. 11.3%
B. 7.4%
C. 19.1%
D. 7.1%

Reference no: EM132791453

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