Let $\mathbb{A}$ denote the field of real algebraic numbers. Let $\mathcal U$ denote a free ultrafilter. Construct $F=\prod_{\mathcal U} \mathbb{A}$. This is a field containing $\mathbb A$, and we clearly have a map, $st:F \to \mathbb R \cup \{\pm \infty\}$, given by $$ st((x_n)_n) = \lim_{\mathcal U} x_n, $$ which agrees with the identity map on $\mathbb A$.
So, $F$ looks (to me) a lot like a field of extended reals, except that there is no obvious embedding $\iota:\mathbb R \to F$. Does there exist an embedding (as a field) at all? (With the obvious properties that we would want: it agrees with the identity map on $\mathbb A$, and $st \circ \iota$ is equal to the identity map on $\mathbb R$.)
Some remarks. An axiom-of-choice argument obviously gives an embedding which might not be a field homomorphism. Also, the answer would be no if we replaced $\mathbb A$ by $\mathbb Q$, since in this case, there would be no candidate in $F$ for $\sqrt{2}$ for example; using $\mathbb A$ avoids such obstructions.
Here is a proof that it doesn't work with $\mathbb Q$. Suppose that we had field homomorphism $\phi:\mathbb R \to {}^\star\mathbb Q$. Then let $(y_n)_n$ be a representative sequence for $\phi(\sqrt{2})$. This means that $(y_n^2)_n$ is equivalent to $(2,2,\dots)$ modulo $\mathcal U$, i.e. that $$ \{n \mid y_n^2 = 2\} \in \mathcal U. $$ (See http://en.wikipedia.org/wiki/Ultraproduct). But since no rational $y$ satisfies $y^2=2$, this set is in fact empty and not in $\mathcal U$.
I believe such an embedding exists, and we can construct it recursively (using axiom of choice, of course).