Tony Hawk's Adventure (THA) Issued callable bonds on January 1, 2018. THA's accountant has projected the following amortization schedule from iss
Date
Cash Paid
Interest
Expense
Increase in
Carrying
Carrying Value
Value
1/1/18
$208,467
6/30/18
$6,600
$8,339
$1,739
210,206
12/31/18
6,600
8,408
1,808
212.014
6/30/19
6,600
8,481
1,881
213,895
12/31/19
6,600
8,556
1,956
215,851
6/30/20
6,600
8,634
2,034
217,885
12/31/20
6,600
8,715
2,115
220,000
What is the annual stated interest rate on the bonds? (Do not round your intermediate calculations.)
? 6%
? 8%
O 3%
? 7%