Bramble Corp. issued 9200, 6-year convertible bonds of $2000 each for $3650000 at the beginning of 2021. The bonds have a stated rate of interest of 10% and interest is payable annually. Each bond can be convertible into 100 shares with a par value of $10 The market rate of similar nonconvertible debt is 11% The fair value of the liability component using the With-and-without method is O $1951290 O $1545133 O $3495423 O $154577