5. A portfolio has a primary objective of capital appreciation and a secondary objective of growth of income. If you feel bearish about the stock market as a whole, is it appropriate for you to reduce your equity holding to zero? Why or why not? 6. A 7.25% bond is purchased 43 days after the most recent interest payment. How much interest has accrued if the bond makes a single interest annually? 7. Why is pure passive management not possible with a bond portfolio? 8. You buy a 7.25% coupon, $5,000 par value bond at a price of 99%,73 days into the interest period. If the broker's commission is $40, how much does the trade cost you including accrued interest