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Suppose that you have access to a credit line in the amount of $500,000. The interest rate on the credit line is 5.75%, the commitment
Suppose that you have access to a credit line in the amount of $500,000. The interest rate on the credit line is 5.75%, the commitment fee is 0.35% on the unused portion of the line, average daily borrowing is estimated to be $200,000. (No compensating balance required)
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