div binding not showing initial value

[abram27]

When I change the demo to bind to a div and set html to an initial value it doesn't show the initial value in the editor. Works on the text area binding.

var viewModel = {
    html: ko.observable( '<b>test</b>' ),
    options: {
      // disable wrapping content with paragraphs
      // instead <br> will be used
      enter: FroalaEditor.ENTER_DIV,
      theme: 'gray',
  }

<div data-bind="froala: html, froalaOptions: options"></div>