Question 30 (1 point) Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2021. LPC's accountant has projected the following amortization schedule from issuance until maturity: Cash Effective Decrease in Outstanding Date interest interest balance balance 1/1/2021 $ 207,020 6/30/2021 $7,000 $ 6,211 $ 789 206,230 12/31/2021 7,000 6,187 813 205,417 6/30/2022 7,000 6,163 837 204,580 12/31/2022 7,000 6,137 863 203,717 6/30/2023 7,000 6,112 888 202,829 12/31/2023 7,000 6,085 915 201,913 6/30/2024 7,000 6,057 943 200,971 12/31/2024 7,000 6,029 971 200,000 What is the annual stated interest rate on the bonds? What is the annual stated interest rate on the bonds? O None of the answer choices is correct. 3.5% 07% 06%