8) Discount-Mart issues $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 partial bond amortization schedule for the bonds: Interest Cash Paid Date 1/1/2018 6/30/2018 12/31/2018 6/30/2019 12/31/2019 peme Carrying Value Carying Vau $8,640,967 8,686,606 8,734,070 8,783,433 8,834,770 $45,639 47,464 49,363 51,337 300,000 $345,639 300,000 300,000 300,000 347,464 349,363 351,337 What is the market annual rate of interest on the bonds? (Hint: Be sure to provide the annual rate rather than the six month rate.) A) 4%. B)8%. C)3%. D)6%