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An analyst is considering the purchase of a Government of Canada bond that will pay its face value of $100,000 in one year's time but

An analyst is considering the purchase of a Government of Canada bond that will pay its face value of $100,000 in one year's time but pays no direct interest. The market interest rate is 3% and the bond is being offered for sale at a price of $98,000. Should the analyst recommend purchasing this bond?

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