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Use the following information to answer Questions 11-14. Firm G has a committed credit line in the amount of $5,000,000. The interest rate on the

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Use the following information to answer Questions 11-14. Firm G has a committed credit line in the amount of $5,000,000. The interest rate on the credit line is 4.75%, the commitment fee is 0.35%, and the compensating balance is 10%. The treasurer of Firm G believes that the firm will require average daily borrowings of $4,200,000. To spend $4,200,000 from the line, how much must be drawn from the line? $4,333,333.33 $1,666,666.67 $4,666,666.67 $1,333.333.33

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