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Jorge Corp issued S590.000 of 6%, 10-year bonds on January 2, 2018 for $580,000. In addition, the company incurred $50,000 in bond issue costs. Interest

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Jorge Corp issued S590.000 of 6%, 10-year bonds on January 2, 2018 for $580,000. In addition, the company incurred $50,000 in bond issue costs. Interest is paid annually What is the effective interest rate for the bonds given the information provided? Round your answer to two decimal places. OA. OB. 6.00% 8.46% . 683% D. 7.48%

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