Al Tool and Dye issued $8\%$ bonds with a face amount of $$160$ million on January $1,2024.$ The bonds sold for $$150$ million. For bonds of similar risk and maturity the market yield was $9\%.$ Upon issuance, Al elected the option to report these bonds at their fair value. On June $30,2024,$ the fair value of the bonds was $$145$ million as determined by their market value on the NASDAQ.