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A zero - interest bond pays $700,000 in seven years. What amount would you be willing to pay to acquire the bo today if you
A zero - interest bond pays $700,000 in seven years. What amount would you be willing to pay to acquire the bo today if you want to earn a return of approximately 4% ? Use the present value of $1 table shown below. (Do not round any intermediary calculations, and round your final answer to the nearest dollar.) A. $531,944 B. $598,360 C. $673,078 D. $504,000
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