$150,000 $100,000 $50,000 $0 January 1, Year June 30, Year 1 December 31, June 30, Year 2 December 31, June 30, Year 3 December 31, 1 Year 1 Year 2 Year 3 Market Rate for Company Bonds Cash & Inventory for Competing Companies $75,000 $50,000 $25,000 $0 AP Frenza Bond Amortization Frenza Lika Nelo Q Search 10% V 8% 6% 4% 2% 0% < Prev Frenza Total Equity & Net Income B Frenza J U 14 of 22 Lika H Carrying Value Unamortized Discount Lika LU Next > J N Neld Nelo M J Alt U JU