Eynolds Co. issued $85 million face amount of 13.25% bonds when market interest rates were 12.71% for bonds of similar risk and other characteristics. Required: How much interest will be paid annually on these bonds

Casey communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. this action had no effect on the company's total assets or operating income. which of the following effects would occur as a result of this action? a. the company's current ratio increased.b. the company's times interest earned ratio decreased.c. the company's basic earning power ratio increased.d. the company's equity multiplier increased.e. the company's debt ratio increased.