Transcribed image text: General Scooters has agreed to a syndicated eurocredit Ioan with the following terms A revolving loan of USD 10,000,000 with an up-front fee of 2% of the principal and an interest rate of LIBOR plus 65 basis points. If the payments are made every six months and the LIBOR is 4.00%, p.a. for the first six months and 4.05% p.a. for the next six months, what is the effective annual cost of this loan for the first year? 4.97% 4.87% 9.54% 4.77% 4.00% Question 3 Which one of the following is NOT an example of a portfolio investment? A U.S. investor buying bonds of a French company A U.S. portfolio manager purchasing 5% shares of a Chinese company A U.S. company buying 9% shares of a company in India Yahoo of the United States purchasing 15% shares of Alibaba of China. A Japanese investor buying bonds issued by the government of Mexico