Tony Hawk's Adventure (THA) Issued callable bonds on January 1, 2021. THAs accountant has projected the following amortization schedule from issuance until maturity: Interest Cash Paid Expense Increase in Carrying Value carrying Value $265, 322 267,535 269,836 272,229 274,718 277,307 280,000 Date 01/01/2021 06/30/2021 8,400 $10,613 12/31/2021 06/30/2022 8,400 10,793 12/31/2022 06/30/2023 12/31/2023 8,400 11,093 $2,213 2,301 2,393 2,489 2,589 2,693 8,400 10,701 8,400 8,400 10,889 10,989 What is the annual stated interest rate on the bonds? (Hint: Be sure to provide the annual rate rather th intermedlate calculations) nt Be sure to provide the annual rate rather than the six-month rate.) (Do not round your Multiple Choice 7%