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: Cash Paid Interest Increase in Expense carrying Value Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 $15,500 15,500 15,500 15,500 15,500 15,500 $17,685 17,817 17,956 18,103 18,259 18,423 $ 2,185 2,317 2,456 2,603 2,759 2,923 Carrying Value $294,757 296,942 299,259 301,715 304,318 307,077 310,000 What is the annual market 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.) ZUG Multiple Choice O 5% 12% What is the annual market 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 5% G 12% O 10% 11%