Rush issued callable bonds on January 1, 2021. Rush's accountant has projected the following amortization schedule from

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Rush Issued Callable Bonds On January 1 2021 Rush S Accountant Has Projected The Following Amortization Schedule From 1 (21.14 KiB) Viewed 19 times

Rush issued callable bonds on January 1, 2021. Rush'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 0G/30/2022 12/31/2022 06/30/2023 12/31/2023 $16,500 16,500 16,500 16, see 16,500 16,500 $18,826 18,966 19,114 19,271 19,437 19,613 $2,326 2,466 2,614 2,791 2,937 3,11) Carrying Value $313,773 316,099 318,565 321,179 323,950 326,387 330.000 What is the anal stated 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.) Mechoice < Prev 19 20 No