On 1 January 2024, North Island Ltd issues at par \$2 million A-rated 5-year fixed rate debt securities with an annual coupon interest of \(6 \%\). On 31 December 2024, investments in the debt securities are trading as an asset in an active market at \(\$ 2100\) per \(\$ 2000\) of par value after payment of accrued interest. North Island Ltd uses the quoted price of the asset in an active market as its initial input into the fair value measurement of the debt securities liability.

Required Determine the fair value of the debt securities at 31 December 2024. What other factors may need to be included when determining the fair value of the liability?