Wildhorse Company sells 10% bonds having a maturity value of $2,020,000 for $1,874,375. The bonds are dated January 1, 2020, and mature January 1, 2025. Interest is payable annually on January 1. (a) Your answer is correct. Determine the effective-interest rate. (Round answer to O decimal places, e.g. 18%) The effective-interest rate 12 % (b) eTextbook and Media Attempts: 1 of 3 used Set up a schedule of interest expense and discount amortization under the effective-interest method. (Round intermediate calculations to 5 decimal places, eg. 1.25124 and final answer to O decimal places, e.g. 38,548) Schedule of Discount Amortization Effective Interact Method