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Pelton, Inc. issued £2,000,000 par value, 7% convertible bonds at 99 for cash. The net present...

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 -.

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