Question: please answer Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2020. LPC's accountant has project following amortization schedule from issuance until maturity: Cash

please answer

Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2020. LPC's accountant has project following amortization schedule from issuance until maturity: Cash Interest Decrease in Carrying Value Date Paid Expense Carrying Value 1/1/20 $207,020 6/30/20 $7,000 $6,211 $789 206,230 12/31/20 7,000 6,187 813 205,417 6/30/21 7,000 6,163 837 204,580 12/31/21 7,000 6,137 863 203,717 6/30/22 7,000 6,112 888 202,829 12/31/22 7,000 6,085 915 201,913 6/30/23 7,000 6,057 943 200,971 12/31/23 7,000 6,029 971 200,000 What is the market rate on the bonds

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