Fuzzy Monkey Technologies, Incorporated purchased as a long$-$term investment $$80$ million of $8\%$ bonds, dated January $1,$ on January $1,2024.$ Management intends to have the investment available for sale when circumstances warrant. When the company purchased the bonds, management elected to account for them under the fair value option. For bonds of similar risk and maturity the market yield was $10\%.$ The price paid for the bonds was $$66$ million. Interest is received semiannually on June $30$ and December $31.$ Due to changing market conditions, the fair value of the bonds at December $31,2024,$ was $$70$ million.