Auerbach Inc. issued 4% bonds on October 1, 2018. The bonds have a maturity date of September 30, 2028 and a face value of $300 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2019. The effective interest rate established by the market was 6%. Assuming that Auerbach issued the bonds for $255,369,000, what would the company report for its net bond liability balance at December 31, 2018, rounded up to the nearest thousand? Multiple Choice $252,369,000. $256,369,000. C. $256,200,000. Correct $257,030,070.

I THINK THE ANSWER IS C.256,200,000 NOT 257,030,070. WOULD YOU PLEASE CHECK IT AGAIN?