Suppose you buy a bond on the secondary market for $8,800. The bond is a 10 year bond with 3 years until maturity, has a par value of $8,000 and a coupon payment of $400. Which of the following answers best explain what has happened? Interest rates have increased since the bond was issued, causing this bond to be less attractive on the secondary market Interest rates have declined since the bond was issued, causing this bond to be less attractive on the secondary market Interest rates have declined since the bond was issued, causing this bond to be more attractive on the secondary market Interest rates have increased since the bond was issued, causing this bond to be more attractive on the secondary market Question 8 (4 points) You are selling a 30 -year coupon bond with a par value of $10,000 and a coupon rate of 8% that has 8 years remaining until maturity. If current interest rates are 7%, calculate the price of the bond on the secondary market and calculate your total return. Price =$10,431, Return =12.93% Price =$10,431, Return =13.45% Price =$10,597, Return =13.81% Price =$10,597, Return =13.97% Question 9 ( 4 points) Suppose your investment portfolio includes cash, bonds, stocks, and real estate