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Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from Issuance until maturity: Increase in Carrying Value Interest Expense Cash Paid Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 $11,000 11,000 11,000 11,000 11,000 11,000 $12,551 12,644 12,743 12,847 12,958 13,075 $1,551 1,644 1,743 1,847 1,958 2,075 Carrying Value $ 209,182 210,733 212,377 214, 120 215, 967 217,925 220,000 What is the annual stated interest rate on the bonds? (Hint: Be sure to provide the annual rate rather than the six-month rate) (De not round your Intermediate calculations.) Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from Issuance until maturity: Increase in Carrying Value Interest Expense Cash Paid Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 $14,800 14,800 14,800 14,800 14,800 14,800 $17,561 17,699 17,844 17,996 18, 156 18,324 $ 2,761 2,899 3,044 3,196 3,356 3,524 Carrying Value $ 351,220 353,981 356,880 359,924 363,120 366, 476 370,000 What is the annual market interest rate on the bonds? (Hint: Be sure to provide the annual rate rather than the six month rate) (Do not round your Intermediate calculations.) Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from Issuance until maturity Interest Expense Increase in Carrying Value Cash Paid Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 $18,000 18,000 18,000 18,000 18,000 18,000 $19,999 20,139 20, 289 20,449 20,620 20,803 $ 1,999 2,139 2,289 2,449 2,620 2,803 Carrying Value $285, 701 287,700 289,839 292,128 294,577 297,197 300,000 What is the annual stated interest rate on the bonds? (Hint: Be sure to provide the annual rate rather than the six-month rate.)(Do not round your intermediate calculations.) Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from Issuance until maturity: Increase in Carrying Value Interest Expense Cash Paid Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 $12,000 12,000 12,000 12,000 12,000 12,000 $13,692 13,793 13,901 14,015 14,136 14,264 $1,692 1,793 1,901 2,015 2,136 2,264 Carrying Value $ 228,199 229,891 231,684 233,585 235,600 237,736 240,000 What is the annual market interest rate on the bonds? (Hint: Be sure to provide the annual rate rather than the six months (Do not round your Intermediate calculations.)

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