. 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 fee is 0.75% and the closing fee is 1%. What is the expected annual return?

Answer rating: 100% (QA)

Answer To calculate the expected annual return we need to consider the various fees and interest cos... View the full answer