Question: A $ 1 5 0 million loan commitment has an up - front fee of 2 5 basis points ( i . e . ,

A $150 million loan commitment has an up-front fee of 25 basis points (i.e.,0.25%) and a backend fee of 15 basis points (0.15%) on the unused portion.
What would be the total fees that the bank would collect if 50% of the loan commitment is drawn down?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Please assist me This is strictly for revision. I do not intend to upload or use the tutors work but rather learn from it. Thank you A financial analyst investigating the determinants of return on...

Q:

ees click on "lables. cent date. Under "Bookmarks," "Bookmarks," click on labies is the dollar file onto your computer that contains the relevant dat in Table integrated Mini Case CALCULATING INCOME...

Q:

Calculating Fees on a Loon Commitment You have approached your local bank for a start-up loan commitment for $1060,000 needed to open a car repair store. You have requested that the term of the loan...

Q:

You have approached your local bank for a start-up loan commitment for $330,000 needed to open a computer repair store. You have requested that the term of the loan be one year. Your bank has offered...

Q:

You have approached your local bank for a start-up loan commitment for $330,000 needed to open a computer repair store. You have requested that the term of the loan be one year. Your bank has offered...

Q:

You have approached your local bank for a start up loan commitment $1000.000 needed to open a car repair store. You have requested that the term of the loan be one year Your bank has offered you the...

Q:

It is becoming widely expected that interest rates will rise in the coming year. In recent weeks the 10 year US bond has risen from about 1.50% to 1.80%. Using the appendix for chapter 2 on Webster...

Q:

I need your help in this. today. will be your client. For exclusive use Florida International University, 2015 REVISED SEPTEMBER 6, 2013 CRAIG FURFINE KEL757 The Return of the Loan: Commercial...

Q:

I need an expert for this. please check info for details. For exclusive use Florida International University, 2015 REVISED SEPTEMBER 6, 2013 CRAIG FURFINE KEL757 The Return of the Loan: Commercial...

Q:

target walmart appendix D more information on target more information on walmart Refet to the financial statements of Target (Agpendix B) and Waimart (Apgendix C) and the Industry Ratio Report...

Q:

Two parallel plates, 9.25 cm on a side, are separated by 5.12 mm. (See Fig. 16.30a.) (a) Determine their capacitance if the volume from one plate to midplane is filled with a material of dielectric...

Q:

Sale taxes are an example of which category of non-exchange transactions? Derived tax revenue. Imposed tax revenue. Government-mandated non-exchange revenue. Voluntary non-exchange revenue.

Q:

A planner suggests a client have an insurance review. This most likely means: a . Evaluating auto, homeowner s and liability insurance policies to assure they are appropriate and continue to meet the...

Q:

A company issues 1,050 shares of its common stock for $33,600 cash. Prepare journal entries to record this event under each of the following separate situations.