Your company has arranged a revolving credit agreement for up to $70 milion at an interest rote of 1.39 percent per quartec The agreement also requires your company 10 maintain a compensating bsiance of 4 percent of the unused portion of the credit line, to be deposited in a noninterest bearing account. Your company's short term investment accoint at the same bank poys an interest tate of 53 por quarter. What is the effective annuat interest rate if your company borrows 535 mittion for one year? Multiple Choice 724K 634x 576x 568x 62x Your company has arranged a revolving credit agreement for up to $70 milion at an interest rote of 1.39 percent per quartec The agreement also requires your company 10 maintain a compensating bsiance of 4 percent of the unused portion of the credit line, to be deposited in a noninterest bearing account. Your company's short term investment accoint at the same bank poys an interest tate of 53 por quarter. What is the effective annuat interest rate if your company borrows 535 mittion for one year? Multiple Choice 724K 634x 576x 568x 62x