What is the annual interest paid on the bonds

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Reference no: EM13298484

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 atpremium/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.

Reference no: EM13298484

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