On July 1, 2016, $8 million face amount of 6%, 10-year bonds were issued. the bonds pay interest on an annual basis on June 30 each year. the market interest rates were slightly lower than 6% when the bonds were sold. A) How much interest will be paid annually on these bonds? B) Where 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 ammount of interest paid each year?