Problem 9-5A Understand a bond amortization schedule (LO9-5) [The following information applies to the questions displayed below.] On January 1, 2021, Vacation Destinations issues $25 million of bonds that pay interest semiannually on June 30 December 31. Portions of the bond amortization schedule appear below: (1) (2) (3) (5) Cash Paid Interest (4) Increase in Carrying Value Carrying for Interest Expense Date 1/1/2021 6/30/2021 12/31/2021 $1,000,000 1,000,000 $1,051,830 1,054,163 $51,830 54,163 Value $23,374,007 23,425,837 23,480,000 Problem 9-5A Part 4 4. What is the stated annual interest rate? Stated annual interest rate