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?

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The Answer of 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?