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Required information Problem 9-6A (Algo) Understand a bond amortization schedule (LO9-5) [The following information applies to the questions displayed below.] On January 1, 2024, Paradise

image text in transcribed Required information Problem 9-6A (Algo) Understand a bond amortization schedule (LO9-5) [The following information applies to the questions displayed below.] On January 1, 2024, Paradise Hollow Resort issues $21 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: Problem 9-6A (Algo) Part 5 5. What is the market annual interest rate? (Round your answer to one decimal place.)

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