Southwest's $385 million 6.5% notes traded at 97.290, or 97.29% of par, as of De

Accounting
Tutor: None Selected Time limit: 1 Day

Southwest's $385 million 6.5% notes traded at 97.290, or 97.29% of par, as of December 2013. What is the market value of these notes on that date? (Round your answer to one decimal place.) 

Jan 6th, 2015

market value = 97.29% of $385 million = 97.29*385000000/100 = $ 374566500 or, $ 374.5 million

Jan 6th, 2015

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