on 8 LD Ltd issued convertible bonds on 1 July 2020. The bonds can be converted into ordinary shares at the discretion of bond holders. t red The face value of each bond: $6,000 out of The number of convertible bonds issued: 400 On The coupon rate of bonds: 5% The bonds would repay the principal in (years): 5 The prevailing market interest rate for similar debt without the conversion option: 7% Each of the bonds were issued at par for: $6,000 How much interest expense should LD recognize for the year ended 30/06/2021? O a. $120,000 O b. 0 O c. $156,619 O d. None of the options are correct O e. $154,223