$!$

Required information

Problem $9-6$A $($Algo$)$ Understand a bond amortization schedule $($LO$9-5)$

$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ Paradise Hollow Resort issues $$36$ million of bonds that pay interest semiannually on June $30$

and December $31.$ Portions of the bond amortization schedule appear below:

Problem $9-6$A $($Algo$)$ Part $4$

What is the stated annual interest rate?