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Alberta Energy issues $85 million in straight bonds at par with a coupon rate of...

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Accounting

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Alberta Energy issues $85 million in straight bonds at par with a coupon rate of 6.5\%. The firm also pays underwriting fees of 3.5% on the tace value of the bonds. What are the net proceeds to Alberta Energy from the bond issue? $80 million $79.5 million $76.5 million $85 million $82 million Question 2 (2 points) A bond has a face value of $10,000 and a conversion ratio of 560 . The stock is currently trading at $16.30. What is the conversion price

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