X2 issued callable bonds on january 1 2012 the bonds pay

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X2 issued callable bonds on January 1, 2012. The bonds pay interest annually on December 31 each year. X2's accountant has projected the following amortization schedule from issuance until maturity: Date Cash Paid Interest Expense Decrease in Carry Value Carry Value 1/1/10= Carrying Value 104,212 12/31/11 Cash 7,000 Interest Paid 6253 Decrease in Carrying Value 747 Carrying Value 103,465 12/31/12 7,000 6208 792 102,673 1231/13 7,000 6160 840 101,833 12/31/14 7,000 6110 890 100,943 12/31/15 7,000 6057 943 100,000 What is the annual market interest rate on bonds A 3% B 3.5% C. 6% D 7% v.

Reference no: EM13568588

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