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| Alec's cousin, Smarty Pants, talked him into keeping the bond until maturity. So he decided to hold the bond for the remaining 7 years.

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| Alec's cousin, Smarty Pants, talked him into keeping the bond until maturity. So he decided to hold the bond for the remaining 7 years. If the secondary market continued to trade at a 10% rate until the bond matures, the value of the bond will be $5,000 at the end of which of the following years. o Years 4 and 5 o Years 6, 7 and 8 o Years 9 and 10 O All of the above o None of the above http Question 35 Alec Smart purchased a 10 year bond with a 10% coupon at its date. The par value of the bond at maturity is $5,000. After two checked the secondary market for his bond and discovered the bone currently trading at 15%. What current value would Mr. Smart use to help determine if he wanted to sell the bond

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