Associates issued

$2$ comma $1002,100$

of its

$ $1$ comma $000$$$1,000,$

$8\%8\%,$

$55-$year

par value bonds. There are no bond issue costs. Interest is paid annually. The market rate on the date of issue was

$9\%9\%.$

The market price of

DHCDHC

common shares on the date that the bonds are issued is

$ $50$$$50$

per share