Pelton, Inc. issued 2,000,000 par value, 7% convertible bonds at 99 for cash. The net present value of the debt without the conversion feature is 1,9000,000. What amount will Peloton assign to the equity feature of these bonds?

Select one:

a. 99,000

b. 100,000

c. 80,000

d. - 0 -.