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boland boland
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8 years ago
General Motors has agreed to a syndicated eurocredit loan with the following terms: A revolving loan of $100,000,000 with an up-front fee of 2% of the principal and an interest rate of LIBOR plus 75 basis points. If the payments are made every six months and the current LIBOR rate is 4.00%, what is the effective annual cost of this loan?
A) 4.75%
B) 4.95%
C) 4.00%
D) 4.85%
Textbook 
Fundamentals of Multinational Finance

Fundamentals of Multinational Finance


Edition: 5th
Authors:
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noxx53noxx53
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