Assume that Smokey Scripts, Inc. has issued 500 of the following convertible debentures: each $1,000 bond is convertible into 10 shares of $1 par common. Assume that the bonds were sold at a discount and that each bond has a current unamortized discount equal to $75. What is the total amount that will be added to additional paid-in capital if these securities are converted?

Group of answer choices

$457,500

$462,500

$5,000

$467,500

None of the answers provided