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What activities are included in advisory services and why advisor fee is linked to loan amount? A company obtained Rs.40 Cr credit line from a
What activities are included in advisory services and why advisor fee is linked to loan amount?
A company obtained Rs.40 Cr credit line from a Bank at a 3% interest rate and with a 0.75% commitment fee to keep a credit line open. The fee is charged yearly on the unused portion of the credit line. Company used Rs 25 crore in the first year. Calculate the fee to be paid to Bank in the second year?
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