Mr. Smart talked with his sister, Mrs. Wise, and decided not to sell the bond and waited one additional year. He checked the secondary market for his bond and learned his bond was now trading at 5%. What value would Mr. Smart use to help him determine if he wanted to sell the bond. o $5,000 o $8,500 o $3,878 o $6,447 Alec Smart purchased a 10 year bond with a 10% coupon at its issuance date. The par value of the bond at maturity is $5,000. After two years he checked the secondary market for his bond and discovered the bond currently trading at 15%. What current value would Mr. Smart use to help him determine if he wanted to sell the bond. O The coupon rate is unchanged so $5,000 The sum of remaining cash flows or $9,000 o $3,878 o $6,447 Question 36