Reynolds Co issued 555 million face amount of 12.50% bonds when market interest rates were 12.30 for bands of similar risk and other characteristics Required: 2. How much interest will be paid annually on these bonds? (Enter your answer in dollars, not millions of dollars.) Were the bonds issued at a premium or discount? c. Will the annual interest experise on these bonds be more than equal to or less than the amount of interest paid each year Annual interest payment b Bands issued Annual interest expense will be