Question - Company Bonds Inc. issues the following notes in November 2012:
0.65% Notes due on November 27, 2015 - sum $ 750
1.20% Notes due on November 29, 2017 - sum $ 1,000
2.50% Notes due on November 29, 2022 - sum $ 1,250
The unamortized discount was $27 million at December 31, 2012
The effective interest rates of the 2015, 2017, and 2022 Notes were 0.84%, 1.38%, and 2.66%. Interest on the Notes is payable semi-annually in arrears in May and November. We may redeem the Notes at any time in whole, or from time to time, in part at specified redemption prices. We are not subject to any financial covenants under the Notes. We used the net proceeds from the issuance of the Notes for general corporate purposes. The estimated fair value of the Notes was approximately $3.0 billion at December 31, 2012, which is based on quoted prices for our publicly-traded debt as of that date.
Question: Estimate the proceeds Amazon received for the issuance of $3.0 billion notes in November 2012. Show your computations.