What is the annual interest paid on the bonds, Accounting Basics

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What is the annual interest paid on the bonds

Vignor Incorporation sent out $30million face amount of 9% bondswhile interest rates in market were 9.30% for similar bonds.

Answer the following questions:

* Explain in detail if the bonds will be given out at premium/discount.
* What is the annual interest paid on the bonds?
* Would the expense of annual interest on the bonds be "=" or"<" or ">" interest paid each year. Explain how.

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Accounting Basics: What is the annual interest paid on the bonds

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Accounting Basics: What is the annual interest paid on the bonds

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Accounting Basics: What is the annual interest paid on the bonds

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