ty wy Test - Tax Specialist: Tax Theory Overview - Part 2 (2020) Section 1 Question 1 of 15. David purchased a $5,000 bond on the secondary market. He paid a $500 premium. What is David's basis? $500 $4,500 $5,000 $5,500 Mark for follow up ty wy Test - Tax Specialist: Tax Theory Overview - Part 2 (2020) Section 1 Question 1 of 15. David purchased a $5,000 bond on the secondary market. He paid a $500 premium. What is David's basis? $500 $4,500 $5,000 $5,500 Mark for follow up