(b) Baldie Co issues 4,000 convertible bonds on 1 January 20X2 at par. The bond is redeemable three years later at its par value of $500 per bond, which is its nominal value. The bonds pay interest annually in arrears at an interest rate (based on nominal value) of 5%. Each bond can be converted at the maturity date into 30 $1 shares. The prevailing market interest rate for three year bonds that have no right of conversion is 9%. Required Show the statement of financial position valuation at 1 January 20X2. (25 marks) Cumulative three-year annuity factors: 5% 2.723 9% 2.531