Ebay has one bond issue outstanding.$$ It issued these bonds in $2020$ when rates were very low.$$ The bonds are not callable and will not come due until the year $2030.$ Interest rates have increased dramatically since $2020.$ Over the last few years Ebay hasn't borrowed any more money.$$ What will happen to Ebay's interest expense line item for the year $2024$ as a result of the higher interest rates?

Group of answer choices

higher rates $-->$ no change in interest expense

higher rates $-->$ higher interest expense

higher rates $-->$ higher interest rates but less taxes since interest is deductible

higher rates $-->$ U$.$S$.$ GAAP prohibits higher interest rates