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A financial advisor suggested that you purchase a zero coupon bond that matures in 7 years. He quoted you a price of 703.37. If similar

A financial advisor suggested that you purchase a zero coupon bond that matures in 7 years. He quoted you a price of 703.37. If similar quality bonds are yielding 4.5% annually, should you purchase the bond at the offering price? Calculate the present value bond and state your answer. The present value of the bond must be included in your answer.

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