On June 30,2024. Flint inc, sold $1,213.000 (face value) of bonds. The bonds are dated June 30,2024, puy interest semi-arirualiy on December 31 and June 30 and will iraty June 30,2027, The following schedule was prepared by the accountant for 202A. On the bavis of the above inforntation answer the following questions What is the contractual rate of interest for this bond issue? (Round answer to 2 decimal places, eg 2.75.) Contractual rate of interest Question Part Score What is the market rate of interest for this bond issue? (Round onswer to 2 decimal places, eg 275) Market rate of interest