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At 1/1/2019, if the City of El Paso issued $3 Billion Demand bond W/O take out agreement and with coupon Rate of 6% paid semiannually

At 1/1/2019, if the City of El Paso issued $3 Billion Demand bond W/O take out agreement and with coupon Rate of 6% paid semiannually but only received $2.5 Billion because the market rate is approxialty 6.21%, then the carrying value of the Bond at 7/1/2019 under the effective interest rate method will be approximately

$3,000,000,000

$2,500,000,000

$2,512,416,451

$ 2,048,264,754

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