{"pre_text": ["11 .", "borrowings short-term borrowings the carrying value of short-term borrowings at december 31 , 2012 and 2011 , included $ 100 million under the 2012 revolving credit facility and $ 100 million under the 2011 revolving credit facility , respectively .", "2012 revolving credit facility .", "in march 2011 , the company entered into a five-year $ 3.5 billion unsecured revolving credit facility ( the 201c2011 credit facility 201d ) .", "in march 2012 , the 2011 credit facility was amended to extend the maturity date by one year to march 2017 and in april 2012 the amount of the aggregate commitment was increased to $ 3.785 billion ( the 201c2012 credit facility 201d ) .", "the 2012 credit facility permits the company to request an additional $ 1.0 billion of borrowing capacity , subject to lender credit approval , increasing the overall size of the 2012 credit facility to an aggregate principal amount not to exceed $ 4.785 billion .", "interest on borrowings outstanding accrues at a rate based on the applicable london interbank offered rate plus a spread .", "the 2012 credit facility requires the company not to exceed a maximum leverage ratio ( ratio of net debt to ebitda , where net debt equals total debt less unrestricted cash ) of 3 to 1 , which was satisfied with a ratio of less than 1 to 1 at december 31 , 2012 .", "the 2012 credit facility provides back-up liquidity , funds ongoing working capital for general corporate purposes and funds various investment opportunities .", "at december 31 , 2012 , the company had $ 100 million outstanding under this facility with an interest rate of 1.085% ( 1.085 % ) and a maturity during january 2013 .", "during january 2013 , the company rolled over the $ 100 million in borrowings at an interest rate of 1.085% ( 1.085 % ) and a maturity during february 2013 .", "during february 2013 , the company rolled over the $ 100 million in borrowings at an interest rate of 1.075% ( 1.075 % ) and a maturity during march 2013 .", "commercial paper program .", "on october 14 , 2009 , blackrock established a commercial paper program ( the 201ccp program 201d ) under which the company could issue unsecured commercial paper notes ( the 201ccp notes 201d ) on a private placement basis up to a maximum aggregate amount outstanding at any time of $ 3.0 billion .", "on may 13 , 2011 , blackrock increased the maximum aggregate amount that may be borrowed under the cp program to $ 3.5 billion .", "on may 17 , 2012 , blackrock increased the maximum aggregate amount to $ 3.785 billion .", "the cp program is currently supported by the 2012 credit facility .", "as of december 31 , 2012 and december 31 , 2011 , blackrock had no cp notes outstanding .", "long-term borrowings the carrying value and fair value of long-term borrowings estimated using market prices at december 31 , 2012 included the following : ( dollar amounts in millions ) maturity amount unamortized discount carrying value fair value ."], "post_text": ["."], "table": [["( dollar amounts in millions )", "maturity amount", "unamortized discount", "carrying value", "fair value"], ["floating rate notes due 2013", "$ 750", "$ 2014", "$ 750", "$ 750"], ["3.50% ( 3.50 % ) notes due 2014", "1000", "2014", "1000", "1058"], ["1.375% ( 1.375 % ) notes due 2015", "750", "2014", "750", "762"], ["6.25% ( 6.25 % ) notes due 2017", "700", "-3 ( 3 )", "697", "853"], ["5.00% ( 5.00 % ) notes due 2019", "1000", "-2 ( 2 )", "998", "1195"], ["4.25% ( 4.25 % ) notes due 2021", "750", "-4 ( 4 )", "746", "856"], ["3.375% ( 3.375 % ) notes due 2022", "750", "-4 ( 4 )", "746", "801"], ["total long-term borrowings", "$ 5700", "$ -13 ( 13 )", "$ 5687", "$ 6275"]], "table_ori": [["<i>(Dollar amounts in millions)</i>", "Maturity Amount", "Unamortized Discount", "Carrying Value", "Fair Value"], ["Floating Rate Notes due 2013", "$750", "$—", "$750", "$750"], ["3.50% Notes due 2014", "1,000", "—", "1,000", "1,058"], ["1.375% Notes due 2015", "750", "—", "750", "762"], ["6.25% Notes due 2017", "700", "(3)", "697", "853"], ["5.00% Notes due 2019", "1,000", "(2)", "998", "1,195"], ["4.25% Notes due 2021", "750", "(4)", "746", "856"], ["3.375% Notes due 2022", "750", "(4)", "746", "801"], ["Total Long-term Borrowings", "$5,700", "$(13)", "$5,687", "$6,275"]]}

Question: what percent lower is the carrying value than the fair value?
Evidence:
table_8: ( dollar amounts in millions ) the total long-term borrowings of maturity amount is $ 5700 ; the total long-term borrowings of unamortized discount is $ -13 ( 13 ) ; the total long-term borrowings of carrying value is $ 5687 ; the total long-term borrowings of fair value is $ 6275 ;
text_18: long-term borrowings the carrying value and fair value of long-term borrowings estimated using market prices at december 31 , 2012 included the following : ( dollar amounts in millions ) maturity amount unamortized discount carrying value fair value .
Program: divide(5687, 6275), subtract(const_1, #0)
Answer:
str_answer: 9.37%
exe_answer: 0.09371