Question 19 Answered More out of 100 Fog question THIS MULTIPLE CHOICE QUESTION (MCQ) IS BASED ON THE DOUGLAS COMPANY SCENARIO BELOW: DOUGLAS Company issued a Convertible Bond on 1 January 2019. The following information about the Convertible Bond is available Face Value - $800,000; Life: 4 years; Interest Annual on 31 December; Issued at $97 per $100 Nominal Stated rate (coupon): 3%; Assume an effective rate (Yield) of 4% (this is the rate on equivalent non-convertible bonds) Convertible into: 50.000 Ordinary Shares with a par value of $1.25 each The Present Value (PV) Factor for [N-4 and Yield 4%] is 0.855. The Annuity Factor [N-4 and Yield 4%) 3.63 (use these EXACT figures in your calculations) MCQ NINETEEN What is the balance on the Bond Payable Account on 31 December 2010 after the interest payment is made? (round to two decimal places) Select one O a $792,27115 CREDIT b. None of these answers Oc$788,910.27 CREDIT Od $736,14123 CREDIT O $777,9648 CREDIT Clear my choice