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  3. exhibit 1 states that the estimated fair value of

Exhibit 1 states that the estimated fair value of the Notes was approximately $61.4 billion...

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Accounting

Exhibit 1 states that the estimated fair value of the Notes was approximately $61.4 billion as of December 31,2022, based on market prices for Amazons debt. Yet, Amazon carries the debt on their balance sheet at $67.1 billion. Why? What prevents Amazon from buying back their entire long-term debt at $61.4 billion and booking a gain of $5.7 billion?

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