UTEP purchased a long$-$term investment $($bonds issued by El Paso Electricity$)$ on Jan $1,2021,$ with the positive intent to hold until maturity.Face value$$90,000,000$Nominal $($stated$)$ interest rate$8\%$Market interest rate for similar bonds$12\%$Price paid$$78,000,000$Fair value at December $31,2021$$$80,000,000$