Rover Ltd has opted to raise capital through the issue of 6% debentures with a nominal value of $30 million. The loan notes, which carryan effective interest rate that is 2.5% above coupon, have issue costs of S620,000, have been issued at a 18% discount, and will be repayable at the end of the five years at a 9% premium REQUIRED: Determine the net proceeds to be received from the issue of the loan notes Prepare the amortisation schedule over the life of the instrument. Rover Ltd has opted to raise capital through the issue of 6% debentures with a nominal value of $30 million. The loan notes, which carryan effective interest rate that is 2.5% above coupon, have issue costs of S620,000, have been issued at a 18% discount, and will be repayable at the end of the five years at a 9% premium REQUIRED: Determine the net proceeds to be received from the issue of the loan notes Prepare the amortisation schedule over the life of the instrument