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please help Rover Ltd has opted to raise capital through the issue of 6% debentures with a nominal value of $30 million. The loan notes,
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Rover Ltd 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 9% premium. Requirements: Determine the net proceeds to be received from the issue of the loan notes. Prepare the amortisation schedule over the life of the instrument Step by Step Solution
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