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 back-end fee of 15 basis points (0.15%) on the unused portion. How much up-front fee will the bank charge on this loan commitment?

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