Solution-Determine the net proceeds to be received from the

Determine the net proceeds to be received from the issue

Reference no: EM133151096

Question - Rover Led has opted to raise capital through the Issue of 6% debentures with a nominal value of $30 million. The loan notes, which carry an effective interest rate that is 2.5% above coupon, have issue costs of $620,000, have been issued at a 1.8% discount, and will be repayable at the end of the five years at a 936 premium. Determine the net proceeds to be received from the issue of the loan notes. Prepare the amortisation schedule over the life of the instrument.

Reference no: EM133151096

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Determine the net proceeds to be received from the issue

Reference no: EM133151096

Reference no: EM133151096

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