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ABC company issued a bond on Jan. 1st, 2018. ABC Company prepared

the following amortization schedule for the bond. 
DateCash PaidInterest ExpenseDecrease in Carrying ValueCarrying Value1/1/2018     $104,21212/31/20187000 $6,253    $747     103,46512/31/20197,000  6,208    792     102,67312/31/20207,000  6,160    840     101,83312/31/20217,000   6,110    890    100,94312/31/20227,000   6,057   943     100,000


What is the annual stated interest rate on the bonds?

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