& EX Dot Company issued $200,000 of bonds on January 1, 20x1 with interest payable each year. The bonds had a stated rate of 8%. The bonds were set up as floating rate debt with the rated pegged to LIBOR plus 3% Which of the following will be the interest expense for year 1f UBOR is 5%? Multiple Choice $6.000 $10,000 $15.000 $6,000 $10,000 $16.000 $18,000