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.