New Issue, May 15, 2017 $950,000,00
CRUDE OIL& GAS, INC.
6.25% Debentures Due July 1, 2032
Price 103.35%
Plus accrued interest if any from the date of issuance
Copies of the prospectus and the related prospectus supplement may be obtained from such
of the undersigned as may legally offer these securities under applicable securities laws.
Kermit Jeffers & Co. Inc. / Banks Bros. & Co. William Stork & Co.
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- What is the purpose of this announcement? Identify the purpose of a securities offering announcement.
- Why are the securities being priced at 103.35%? Explain why a security is priced at a value other than par.
- How will Crude Oil & Gas be recorded in this sale of securities?
- How will this impact their future interest expense entries?
- Describe the entry to record the sale of a security and its impact on future interest expense.
Please assist with questions 1 through 5.
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