Question
A loan commitment of $4.37 million with an up-front fee of 60 basis points and a back-end fee of 25 basis points. The take-down on
A loan commitment of $4.37 million with an up-front fee of 60 basis points and a back-end fee of 25 basis points. The take-down on the loan is 40 percent. Calculate the total fees you will pay on this loan commitment.
I got 30,590 but it keeps saying wrong.
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Financial Markets And Institutions A Modern Perspective
Authors: Anthony Saunders, Marcia Millon Cornett, Marcia Cornett
2nd Edition
007294109X, 978-0072941098
