6 Discount-Mart issues $20 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 Skipped Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 $800,000 800,000 800,000 800,000 $875,378 879,147 883,104 887,259 $ 75,378 79, 147 83,104 87,259 Carrying Value $17,507,558 17,582,936 17,662,083 17,745,187 17,832,446 eBook 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.) (Do not round your intermediate calculations.) Multiple Choice 10% o o