Question: Give the partial bond amortization table below, what was the market rate of interest when the bond was issued? Note that the maturity value of

Give the partial bond amortization table below, what was the market rate of interest when the bond was issued? Note that the maturity value of the bond is $100,000. Cash Payment Interest Exp. Principle Adj. Principal Balance $104,212.40 $7,000 $103,465.00 (Round your answer to the nearest tenth of a percent.) 8% O 6% O 5% O 7%

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