Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturity: 22 Increase in Carrying Value Interest Expense Cash Paid Skipped $2,332 2,495 Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 $21,000 21,000 21,000 21,000 21,000 21,000 Carrying Value $ 333,317 335,649 338,144 340,814 343,671 346,728 350,000 $23, 332 23,495 23, 670 23,857 24,057 24, 272 2,670 Book 2,857 3,057 3,272 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.) Multiple Choice 14% O 12% 13% O 6%