Interpreting Bond Footnote Disclosures and Computing Effective Interest Rate In 2019, French grocery retailer Carrefour issued bonds as follows. Issue date Issue amount (M) Annual coupon rate May 7, 2019 500 1% Maturity May 17, 2027 Issue price 99.534 a. Determine the annual interest payments. € 5 million b. Determine the effective interest rate. Note: Round percentage to three decimal places (for example, enter 6.656% for 6.6555%). 1.061 % c. What amount of interest expense does the company report related to these bonds for the fiscal year ended December 31, 2019? Note: Round your answers (in millions) to two decimal places. € 2.62 x million

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