Help Save & Exit Discount-Mart issues $10 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 Interest Increase in Carrying Value $8,640,967 8,686,606 8,734,070 Cash Paid Expense Carrying Value Date 01/01/2021 06/30/2021 $30ee, eea $345,639 347,464 349,363 351,337 $45,639 47,464 49,363 51,337 12/31/2021 308,000 06/38/2822 . 300,e00 300,e00 8,783,433 8,834,770 12/31/2022 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) Mutiple Choice 3 % 8%