Brief Exercise 16-11 On January 1, 2017, Wildhorse Ltd. issued 890 3-year, 3% convertible bonds at par of $950, with interest payable each December 31. Each bond is convertible into 75 common shares, and the current fair value of each common share is $7 per share. Similar straight bonds carry an interest rate of 9%. ?Your answer is incorrect. Try again. Calculate the PV of the debt component by itself. (Round answer to 0 decimal places, e.g. 5,250.) PV of the debt component SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT