ezto.mheducation.com/ext/map/index.html?_conscon&external browsers0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%2 C Chapter 9 Quiz 8 Q Help Save & Discount-Mart issues $16 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 amortiza schedule for the bonds Date 01/01/2021 Cash Paid Interest Expense Increase in Carrying Value Carrying Value $13,825,548 06/30/2021 $400,000 $553,022 $73,022 13,890,570 12/31/2021 400,000 555,943 75,943 13,974,513 06/30/2022 480,000 12/31/2022 400,000 558,981 10,901 14,053,494 562,140 82,140 14,135,634 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) (Do not round your intermediate calculations.) Muple Choice 6% " A 4