Question: Interest Expense Decrease in Carrying Value Cash Paid Date 01/01/2021 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 $13,750 13,750 13,750 13,750 13,750 $13,112 13,038 12,956 12,865 12,763

 Interest Expense Decrease in Carrying Value Cash Paid Date 01/01/2021 12/31/2021

Interest Expense Decrease in Carrying Value Cash Paid Date 01/01/2021 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 $13,750 13,750 13,750 13,750 13,750 $13,112 13,038 12,956 12,865 12,763 $ 638 712 794 885 987 Carrying Value $ 114,015 113, 377 112,665 111,872 110,987 110,000 What is the annual stated interest rate on the bonds

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