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A loan commitment of $4.42 million has an up-front fee of 35 basis points and a back-end fee of 25 basis points. The take down

A loan commitment of $4.42 million has an up-front fee of 35 basis points and a back-end fee of 25 basis points. The take down on the loan is 50 percent. Calculate the total fees you will pay on this loan commitment. (Round your answer to 2 decimal places.) Total fees $

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