X2 issued callable bonds on January 1 2021. The bonds pay interest annually on December 31 each year X2's accountant has projected the following amortization schedule from issuance until maturity 53 Decrease in Carrying Value Interest expense Cash Paid 00:49 Date 01/01/2021 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/33/2025 $13,750 13,750 13,750 13,750 13,750 $13,112 13,038 12,956 22,865 12,763 $ 638 712 794 885 982 Carrying Value $114,015 113,377 112,665 111,872 110,987 110,000 What is the annual stated interest rate on the bonds? Multiple Choice 11.5% 6.3% G 5.8% 12.5%