Which of the following statements is true? Select one: a. Cash paid to bondholders as an incentive to convert the debt to equity reduces paid- in capital in excess of par. b. Under the book value method, a gain or loss on conversion would typically be recognized. C. Convertible bonds are often issued with a higher stated rate than an equivalent bond without the conversion feature. d. The issuance of convertible debt does not typically include a credit to a paid-in capital account