The Hastings Company is a multinational manufacturer of electrical equipment and components. Selected financial information is as follows:

1. The company reported that on February 1, 2020, it issued $595 million of 5.75% secured notes due February 1, 2022.

How much interest expense did the company record on August 1, 2020, assuming semiannual compounding? Note: Round to three decimal places. Use rounded amount

How much would the company have raised through the sale of the notes if the market rate of interest had been 6% per year? Note: Use Excel and round to three decimal places.

2. Moodys reports that the notes were rated A3.

The company reports that the fair market value of the companys long-term debt at December 31, 2020, was $2,547.195 million. If the company repurchased all of the outstanding long-term debt on December 31, 2020, would the company recognize a gain or a loss? At what amount? Note: Round to three decimal places.