O determines that, in direct furtherance of its charitable purpose, it will sell the qualified vehicle at a price
significantly below FMV to a trainee who needs transportation to a new workplace.
The agreement provides that, if there is a default on the note, A might elect, subject to state law Y, to foreclose on the pledged stock by causing it to be sold at a public or private sale at a price
that A might determine.
1.1275-6 hedge (or the substantial equivalent) is not available, but the issuer has previously issued a similar fixed rate debt instrument trading at a price
that reflects a spread above a benchmark rate, the comparable yield is the sum of the value of the benchmark rate on the issue date and the spread.