Shaun White Adventure Company (SWAC) issued callable bonds on January 1, 2024. SWAC's accountant has projected the following amortization schedule from issuance until maturity: Date 01/01/2024 06/30/2024 12/31/2024 06/30/2025 12/31/2025 06/30/2026 12/31/2026 Multiple Choice 4% Cash Paid 8% $11, 200 11, 200 11,200 11, 200 11,200 11,200 Interest Expense $13,289 13,394 13,504 13,619 13,740 13,866 Increase in Carrying Value $2,089 2,194 2,304 2,419 2,540 2,666 Carrying Value What is the annual stated interest rate the bonds? (Hint: Be sure to provide the annual rate rather than the six-month rate.) (Do not round your intermediate calculations.) $265,788 267,877 270,071 272,375 274,794 277,334 280,000

Shaun White Adventure Company (SWAC) issued callable bonds on January 1, 2024. SWAC's accountant has projected the following amortization schedule from issuance untili maturity: What is the annual stated interest rate on the bonds? (Hint: Be sure to provide the annual rate rather than the six-month rate) (Do not round your intermediate calculations.) Muniple choice 45 82