Answer: $3,159,000
Explanation:
Based on the information provided, the amount of interest that will be paid annually on these bonds will be calculated as follows:
Interest = Coupon rate × Face value
where,
Coupon rate = 8.1%
Face value = $39 million
Interest = Coupon rate × Face value
= 8.1% × $39 million
= 0.081 × $39 million
= $3,159,000
Therefore, the interest amount is $3,159,000.
