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Business, 09.12.2021 17:10 amandamac7339

BC Corp. issued callable bonds on January 1, 2021. The bonds pay interest annually on December 31 each year. BC's accountant has prepared the following amortization schedule from issuance until maturity: Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value 01/01/2021 $ 104,212 12/31/2021 $ 7,000 $ 6,253 $ 747 103,465 12/31/2022 7,000 6,208 792 102,673 12/31/2023 7,000 6,160 840 101,833 12/31/2024 7,000 6,110 890 100,943 12/31/2025 7,000 6,057 943 100,000 What is the annual market interest rate on the bonds

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BC Corp. issued callable bonds on January 1, 2021. The bonds pay interest annually on December 31 ea...
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