Reynolds Co. issued $46 mlion face amount of 1125% bonds when market interest rates were 11.15% 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.) b. Were 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 amount of interest paid each year? Antece payment o bonds issued cAulines esperse will be