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Business, 13.12.2019 21:31 bluejay62

"in exchange for a $590 million fixed commitment line of credit, your firm has agreed to do the following: 1. pay 2 percent per quarter on any funds actually borrowed. 2. maintain a 4 percent compensating balance on any funds actually borrowed. 3. pay an up-front commitment fee of .18 percent of the amount of the line. based on this information, answer the following: "

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