Bonds payable$$various issues Atom Endeavour Co$.$ issued $$190$ million face amount of $6\mathrm{.}5\%$ bonds when market interest rates were $6\mathrm{.}71\%$ for bonds of similar risk and other characteristics.

Required:

How much interest will be paid annually on these bonds?

Were the bonds issued at a premium or discount? Explain your answer.

Will the annual interest expense on these bonds be more than, equal to$,$ or less than the amount of interest paid each year? Explain your answer.