Question 22 Not yot answered Marked out of 100 Flag question DOUOLAS Company issued a convertible Bond on 1 January 2019. The following information about the Convertible Bond is available: Face Value = $2,500,000 Life: 5 years, Interest Annual on 31 December, Issued ot Par Stated rate (coupon): 5%; Assume an effective rate (Yield) of 6% (this is the rate on equivalent non-convertible bonds) Convertible Into: 500,000 Ordinary Shares with a par value of $3 each The Present Value (PV) Factor for (N=5 and Yield = 6%] is 0.7473. The Annuity Factor (N = 5 and Yield = 6%) = 4.2124 {use these EXACT figures in your calculations) MCQ What is the balance on the Bonds Payable Account on 31 December 2019 after the interest payment is made? (round to two decimal places) Select one: a. $2,473,045.64 CREDIT D. $2,523,132.00 CREDIT c. 52,413,488.00 CREDIT d. None of these answers o. $2,523,091.27 CREDIT