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What is the stated annual rate of interest on the bonds Prescott Corporation issued ten thousand $1,000 bonds on January I. 2024. The bonds have

What is the stated annual rate of interest on the bonds

Prescott Corporation issued ten thousand $1,000 bonds on January I. 2024. The bonds have a 10-year term and pay interest semiannually. T his is the pertlel bond amortization schedule for the bonds. 487, 747 S 55,368 342,971 57, 341,261 58, 739 Payment Cash S gee,eae gee,ae gee,ae gee, eae Effective Interest S 344,632 Decrease in Balance Outstanding Balance S 11, 11,432, 379 11, 375, ase 11, 316, 611 What is the stated annual rate of interest on the bonds?

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