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Question 3 3/3 View Policies Show Attempt History Correct Answer Your Answer Your answer is correct. Mary Smith is interested in buying a five-year zero

Question 3 3/3 View Policies Show Attempt History Correct Answer Your Answer Your answer is correct. Mary Smith is interested in buying a five-year zero coupon bond with a face value of $1,000. She understands that the market interest rate for similar investments is 7.0 percent. Assume annual coupon payments. What is the current value of this bond? (Round answer to 2 decimal places, e.g. 15.25.) Current value of bond $ 712.99

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