35) Discount-Mart issues $10 million in bonds on January 1, 2021. The bonds have a ten-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: Cash Paid Interest Expense Increase in Carrying Value Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 $ 300,000 300,000 300,000 300,000 $ 345,639 347,464 349,363 351,337 $ 45,639 47,464 y 49,363 51,337 Carrying Value $ 8,640,967 8,686,606 8,734,070 8,783,433 8,834,770 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.) Also, note that the discount account balance is omitted from the table due to space constraints. A) 3%. B) 4%. C) 6% D) 8%. 36) Referring to the previous problem, what is the market rate at the date of issuance of the bonds? (Hint: Be sure to provide the annual rate rather than the six-month rate.) A) 3% B) 4%. C) 6%. D) 8%