33) Discount-Mart ssues $10 million in bonds on January 1,2018. The bonds have a ten-year term and pay interest semiannually on June 30 and December 31 each year. Below is a amortization schedule for the bonds: Date Cash Paid Interest Increase in Carrying Value Expense Carrying Value 1/1/2018 6/30/2018 12/31/2018 6/30/2019 12/31/2019 $8,640,967 8,686,606 8,734,070 8,783,433 8,834,770 $300,000 $345,639 347,464 349,363 351,337 $45,639 47,464 49,363 51,337 300,000 300,000 300,000 What is the stated annual rate of interest on the bonds? (Hint: Be sure to provide the annual rate rather than the six month rate.) D) 6%. C) 3%. B) 4%. A) 8%