MC Qu. 62 Auerbach Inc. issued... Auerbach Inc. issued 10% bonds on October 1, 2018. The bonds have a maturity date of September 30, 2028 and a face value of $500 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2019. The effective interest rate established by the market was 12%. Assuming that Auerbach issued the bonds for $442,650,000, what would the company report for its net bond liability balance at December 31, 2018, rounded up to the nearest thousand? (Do not round intermediate calculations.) Multiple Choice $455,150,000. $499,000,000. $430,150,000. $443,430,000.