On january 1, 2015, shay issues $270,000 of 9%, 15-year bonds at a price of 97.00. six years later, on january 1, 2021, shay retires 30% of these bonds by buying them on the open market at 105.00. all interest is accounted for and paid through december 31, 2020, the day before the purchase. the straight-line method is used to amortize any bond discount. how much does the company receive when it issues the bonds on january 1, 2015 ?

Imprudential, inc., has an unfunded pension liability of $572 million that must be paid in 25 years. to assess the value of the firm’s stock, financial analysts want to discount this liability back to the present. if the relevant discount rate is 6.5 percent, what is the present value of this liability? (do not round intermediate calculations and enter your answer in dollars, not millions, rounded to 2 decimal places, e.g., 1,234,567.89)