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9 Reynolds Co. issued $43 million face amount of 9.00% bonds when market interest rates were 8.27% for bonds of similar risk and other characteristics.

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9 Reynolds Co. issued $43 million face amount of 9.00% bonds when market interest rates were 8.27% for bonds of similar risk and other characteristics. Required: a. How much interest will be paid annually on these bonds? (Enter your answer in dollars, not millions of dollars.) b. Were the bonds issued at a premium or discount? c. Will the annual interest expense on these bonds be more than, equal to, or less than the amount of interest paid each year? 01:52:26 eBook b a. Annual interest payment Bonds issued c. Annual interest expense will be

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