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Analyzing Debt Terms, Yields, Prices, and Credit Ratings Assume Reproduced below is the long-term debt footnote from the 10-K report of Southwest Airlines. Long-Term Debt

Analyzing Debt Terms, Yields, Prices, and Credit Ratings Assume Reproduced below is the long-term debt footnote from the 10-K report of Southwest Airlines.

Long-Term Debt (in millions) 2012 2011
7 7/8% Notes due 2012 $ -- $ 100
French Credit Agreements due 2017 45 37
6 1/2% Notes due 2017 375 369
5 1/4% Notes due 2019 350 336
5 3/4% Notes due 2021 300 300
5 1/8% Notes due 2022 311 300
French Credit Agreements due 2022 94 100
Pass Through Certificates 480 --
7 3/8% Debentures due 2032 103* 100
Capital leases 52
63
2,110 1,705
Less current maturities 41 122
Less debt discount and issuant costs 19
16
$ 2,050 $ 1,567

* The carrying value of these debentures is 103 while the face value is 100. The company marks these debentures to market each period because the debentures are hedged with interest-rate swaps. The swap and the debentures are both marked to market, where any gains and losses offset each other. As of December 31, 2012, aggregate annual principal maturities of debt and capital leases (not including amounts associated with interest rate swap agreements and interest on capital leases) for the five-year period ending December 31, 2017, were $41 million in 2013, $41 million in 2014, $50 million in 2015, $43 million in 2016, $419 million in 2017, and $1.5 billion thereafter. Assume below is a summary of the market values of the Southwest Airlines' bonds maturing from 2017 to 2032 (from Capital IQ).

Maturity Date Security Type Coupon Offer Date Amt. Outstanding ($mm) Current Price Yield
Mar-01-2017 Corporate Debentures 6.500 Feb-26-2007 375.00 97.290 7.450
Oct-01-2019 Corporate Debentures 5.250 Sep-14-2009 350.00 83.164 9.024
Mar-01-2032 Corporate Debentures 7.375 Feb-25-2002 100.00 82.409 9.408

(a) What is the amount of long-term debt reported on Southwest's 2012 balance sheet? $Answerimage text in transcribed

What are the scheduled maturities for this indebtedness? Year ($ millions)

2013 $Answerimage text in transcribed
2014 $Answerimage text in transcribed
2015 $Answerimage text in transcribed
2016 $ Answerimage text in transcribed
2017 $Answerimage text in transcribed
thereafter $Answerimage text in transcribed

Southwest's $375 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.) Answerimage text in transcribed

($ million)

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