No. 5 (3 pts.) On January 1, 2020, Michal ltd issues $225,000 of its 24 year bonds which have an annual stated rate of 13%,and pay interest semi-annually each June 30 and December 31, starting June 30, 2020. The bonds were issued for $195,932, to yield 15%,annually. What is the total interest expense to be recognized by Michal ltd over the life of the bond? a. $702,000 b. $731,068 C. $380,068 d. $1,122,932 e. $672,932