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Atom Endeavour Co. Issued $33 million tace amount of 12.0% bonds when market interest rates were 13.38% for bonds of similar risk and other characteristics

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Atom Endeavour Co. Issued $33 million tace amount of 12.0% bonds when market interest rates were 13.38% 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, i.e. 1,234,567.) b. Were the bonds issued at a premium or discount? Premium 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? Interest expense will be less than the interest pald Interest expense will be more than the interest pod

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