Discount-Mart issued ten thousand $1,000 bonds on January 1, 2018. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. 
- What is the stated annual rate of interest on the bonds?
Definitions:
Put Option
An option contract giving the owner the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a specified time.
Interest Rate
The percentage of a sum of money charged for its use, often expressed on an annual basis.
Financial Risk Management
The practice of protecting economic value in a firm by using financial instruments to manage exposure to risk, particularly credit risk and market risk.
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