A company is considering issuing $10,000,000 of long-term debt with a 6% coupon rate or the same amount of convertible debt with a 5% coupon rate. Both will be issued at par and have the same maturity. Which statement below best describes the impact on the firm’s debt ratio? A. The debt ratio would be higher for U.S.GAAP than for IFRS. B. The debt ratio would be lower for U.S.GAAP than for IFRS. C. The debt ratio would be the for U.S.GAAP than for IFRS.