Evie Inc. issued 54 bonds with a $1,200 face value, a five-year life, and a stated annual coupon of 6% for $950 each. What is the total amount of interest expense over the life of the bonds? 19,440 X Feedback Check My Work The total face value amount of the bonds issued is determined by the number of bonds issued times the face value per bond. The discount or premium is the difference between the sales price and the face value per bond. This is multiplied by the total number of bonds to determine the total discount or premium. The total cost of issuing the bonds is a reflection of the total interest accumulated over the terms of the bonds plus or minus a discount or premium