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Auerbach Inc. issued 6% bonds on October 1 2021. The bonds have a maturity date of september 30, 2021. and a face value of 800

Auerbach Inc. issued 6% bonds on October 1 2021. The bonds have a maturity date of september 30, 2021. and a face value of 800 million . The bonds pay interest each of March 31 and September 3, beginning march 31 2022. The effective interest rate established by the market was 8% .

Assuming that Auerbach issued the bonds at 691,272,000 what would the company report for its net bond liability balace at December 31 2021, round up to the nearest thousand ?

703,272,000

679,272,000

799,000,000

693,097,000

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