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bandolier bicycles has a committed line of credit with a max of $450,000 and interest rate of 4% (EAR).The loan has a committed fee of
bandolier bicycles has a committed line of credit with a max of $450,000 and interest rate of 4% (EAR).The loan has a committed fee of 0.3%(EAR).if the firm borrows $375,000 at the start of the year an repays it at the end of the year, what is the total cost of the loan?
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