Bleay's Squash Ltd. sold 51,000,000 of 4.0%, five-year bonds for $1,022,753 when the market rate of interest was 3.5%. Interestis payable semi-annually. The costs directly associated with issuing the bonds totaled $25,000. What was the effective rate of interest per period on this bond issue? O a 2.0000% Ob 2.0250% OC 1.4827% Od 1.7500%