Question 12 (1 point) Listen Elisa borrowed $12,000 from her bank to purchase KML 9.6% bonds maturing in 10 years. Elisa has an excellent credit history and managed to borrow the money at 6.7%. The loan is payable in full in 4 years and interest is charged monthly. Are the interest payments deductible for income tax purposes? Why or why not? O a) Yes, since the interest is payable in monthly instalments. b) No, since the interest is paid on a personal loan. c) Yes, since the purpose of borrowing was to earn income. d) No, since the loan has a maturity date shorter than the maturity date of the investment