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Discount Marsus $18 mition in bonds on January 1, 2021. The bonds have a ten-year term and pay interest semiannualy on June 30 and December
Discount Marsus $18 mition in bonds on January 1, 2021. The bonds have a ten-year term and pay interest semiannualy on June 30 and December 21 each year period motion bonds Date Cash Paid 01/01/2021 06/30/2021 12/31/2021 $1,000,000 Interest Expense $1,126,515 Increase in Carrying Value Carrying Value $16,093,077 $46,515 16,139,592 1,000,000 1,129,771 49,771 16,109,363 06/30/2022 1,000,000 1,133,255 53.255 12/31/2022 1,080,000 1,136,983 56,983 16,242,618 16,299,601 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) Mutiple Choice 14% O O O O 17% 12% ex
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