Analyzing Debt Terms, Yields, Prices, and Credit Ratings Reproduced below is the debt footnote from the 2011 10-K report of Dell Inc.

	January 28,	January 29,
Long-Term Debt (in millions)	2011	2010
Notes
$400 million issued on June 10, 2009, at 3.375% due June 2012	$ 400	$ 401
$600 million issued on April 17, 2008, at 4.70% due April 2013	609	599
$500 million issued on September 7, 2010, at 1.40% due September 2013	499	--
$500 million issued on April 1, 2009, at 5.625% due April 2014	500	500
$700 million issued on September 7, 2010, at 2.30% due September 2015	700	--
$500 million issued on April 17, 2008, at 5.65% due April 2018	499	499
$600 million issued on June 10, 2009, at 5.875% due June 2019	600	600
$400 million issued on April 17, 2008, at 6.50% due April 2038	400	400
$300 million issued on September 7, 2010, at 5.40% due September 2040	300	--
Senior Debentures
$300 million issued on April 3, 1998 at 7.10% due April 2028	389	394
Other
India term loan: entered into on October 15, 2009 at 8.9% due October 2011	--	24
Structured financing debt	$ 250	$ --
Total long-term debt	$ 5,146	$ 3,417
Short-Term Debt
Commercial paper	--	496
Structured financing debt	850	164
Other	1	3
Total short-term debt	851	663
Total debt	$ 5,997	$ 4,080

Aggregate future maturities of long-term debt at face value were as follows at January 28, 2011:

(in millions)	Maturities by Fiscal Year
	2012	2013	2014	2015	2016	Thereafter	Total
Aggregate future maturities of long-term debt outstanding	$ --	$ 595	$ 1,155	$ 500	$ 700	$ 2,100	$ 5,050

There is an $86 difference between the total referenced in this table and the $5,146 referenced for long-term debt in the table above. The difference arises because the maturity table reports the face value of the debt $(5,050). The first table above reports the carrying value (net book value) of the debt. Many of the notes are not carried at par. The largest difference is the senior debentures that have a premium of $89 (in millions).

Reproduced below is a summary of the market values of the Dell bonds maturing from 2021 to 2040 (from Morningstar, quicktake.morningstar.com).

Name	Maturity Date	Amount $	Price	Coupon %	Yield to Maturity%
Dell 5.4%	9/10/2040	300	94.8	5.4	5.77
Dell 6.5%	4/15/2038	400	111.9	6.5	5.63
Dell 4.625%	4/1/2021	400	104.9	4.625	4.01

(a) What is the amount of long-term debt reported on Dells January 28, 2011, balance sheet? $Answer

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

2012	$Answer
2013	$Answer
2014	$Answer
2015	$ Answer
2016	$Answer
Thereafter	$Answer

(b) Dells $300 million 5.4% notes traded at 94.8, or 94.8% of par, as of December 2010. What is the market value of these notes on that date? (round your answer to one decimal place) Answer

($ million)