a company borrows $2,000,000 through a line of credit, it will be required to (a)...
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Finance
a company borrows $2,000,000 through a line of credit, it will be required to (a) maintain a compensating balance in the amount of $80,000, (b) pay interest in the amount of $100,000, and (c) pay an up-front commitment fee the amount of $4,000. What is this lending arrangement's EAR?
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