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For Q.9) to Q.11), please refer to the following problem: Company A has a $ 5,000,000 line of credit with Bank B. The bank charges

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For Q.9) to Q.11), please refer to the following problem: Company A has a $ 5,000,000 line of credit with Bank B. The bank charges 6% on any borrowed fund and 0.25% on any unused amount. The following is Co A's activities on this line for the first two quarters of this year. Q1: Borrow $ 1,500,000 on the 15th of January and an additional $ 1,500,000 on the 1st of February Q2: Pay back $ 1,000,000 on the 15th of April pint. % x loan ($)x quarter period + COMM X quarter xu Deuca 0.9) The Q.9) The total interest and fee paid to the end of March is: a.) $ 35,500 b.) $36,200 c.) $ 34,700 d.) $ 33,700 e.) $ 32,800 X Q.10) Total interest and fee paid for the month of April only is: a.) $ 12,620 b.) $ 13,020 c.) $ 13,420 d.) $ 14,020 e.) $ 13,820 Q.11) The EAY over the entire period (the 2 quarters ) is: a.) 6.1% b.) 5.9 % 6.3% d.) 6.7 % e.) 6.5%

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