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X2 issued callable bonds on January 1, 2012. The bonds pay interest annually on December 31 each year. X2's accountant has projected the following amortization

X2 issued callable bonds on January 1, 2012. The bonds pay interest annually on December 31 each year. X2's accountant has projected the following amortization schedule from issuance until maturity

What is the annual stated interest rate on the bonds? (Round your answer to the nearest whole percent.) What is the annual stated interest rate on the bonds? (Round your answer to the nearest whole percent.)

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