A corporation issues debt with a maturity value of $1,000,000 for proceeds of $900,000. The debt matures in 10 years and pays annual interest at a rate of 10 percent. Which of the following statements is correct? Select one A. The corporation will be able to deduct interest of $100,000 in each of the years 1 through 10 and will have a fully deductible loss of $100,000 in year 10, B. The corporation will be able to deduct interest of $90,000 in each of the years 1 through 10. OC. The corporation will be able to deduct interest of $110,000 in each of the years 1 through 10. OD. The corporation will be able to deduct interest of $100,000 in each of the years 1 through 10 and will have a capital loss in year 10 of $100,000, only one half of which will be deductible 1