Hae UTL 4 value 1.66 points Atom Endeavour co ssued $48 million face amount of 4.8% bonds when market interest rates were 5.35% for bonds of smilar nsk and other characteristics. Required a. How much interest will be paid annually on these bonds? (Enter your answer in dollars, not millions of dollars, Le. 1,234,567.) b. Were the bonds issued at a premium or discount? 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? O Interest expense will be less than the interest paid Interest expense will be more than the interest paid. O Interest expense will be equal to the interest paid References eBook & Resources Difficulty 1 Easy ng Objective 07-08 D Worksheet