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Required information [The following information applies to the questions displayed below] Temptation Vacations issues $40 million in bonds on January 1,2024 , that pay interest

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Required information [The following information applies to the questions displayed below] Temptation Vacations issues $40 million in bonds on January 1,2024 , that pay interest semiarnually on June 30 and December 31. Portions of the bond amortization schedule appear below: 5. What is the market annual interest rate? (Round your answer to the nearest whole percent.)

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