5. What is the market annual interest rate? (Hint: Be sure to provide the annual rate rather than the six-month rate.) Market annual interest rate % 6. What is the total cash paid for interest assuming the bonds mature in 20 years? Interest paid BE c G Search or type URL Sun City issues $52 million of bonds on January 1, 2021 that pay interest semiannually on June 30 and December 31. A portion of the bond amortization schedule appears below: Cash Interest Decrease in Carrying Date Paid Expense Carrying Value Value 01/01/2021 $58,526,722 06/30/2021 $1,560,000 $1,463,168 $96,832 58,429.090 12/31/2021 1,560,000 1.460, 747 99,253 58,330,637 Required: 1. Were the bonds issued at face amount, a discount, or a premium? O Discount O Face amount Premium 2. What is the original issue price of the bonds? $ Original price 58,526.722 3. What is the face amount of the bonds? Face amount $ 52,000,000 4. What is the stated annual interest rate? (Hint: Be sure to provide the annual rate rather than the six-month rate.)