Briarcrest Company issued $90,000, 10-year, 8% bonds. The bonds pay interest annually, and were issued at a $5,200 premium. Which of the following statements is true?

	a.	Briarcrest's annual interest expense on the bonds will be greater than the amount of
	b.	Briarcrest's annual interest expense on
	c.	Briarcrest
	d.	The cash paid to bondholders will be $520 each period.
	e.	none of the above