The following information applies to the questions displayed below On January 1, 2016, Morton Sales Co. Issued zero-coupon bonds with a face value of $5.3 million for cash The bonds mature in 15 years and were ssued at a price of $1,920,985 (EV of S1, PV of St. EVA of S1, PVA of S1 EVAD of $1 and PVAD of $t (Use appropriate factor(s) from the tables provided.) 10. What was the annual offective interest rate in the market when the bonds were issued? MacBook Air FS