Question 13 On December 31, 2020, Lipton, Inc. sold $3,000,000 (face value) of bonds. The bonds are dated December 31, 2020, pay interest annually on December 31, and will mature on December 31, 2020. The following schedule was prepared by the accountant for 2020. Annual Interest Period Interest to Interest Unamortized be Paid Expense Amortization Amount $75,000 1 $240,000 $263,250 $23,250 51,750 On the basis of the above information, answer the following questions. What is the stated interest rate for this bond issue? Stated interest rate SHOW LIST OF ACCOUNTS What is the market interest rate for this bond issue? Market interest rate 196. Bond Carrying Value $2,925,000 2,948,250