You have planned to raise funds for your 12 years daughters future university fees by investing in diverse financial assets. A portion of the investments has been placed in a Bank of Zambia 10 years Bond with a face value of K1, 000 scheduled to be paid a 9% annual coupon payment. Given the seven years discounted cash flows as; 1st year K 85.92 2nd year K 81.63 3rd year K 77.30 4th year K 72.83 5th year K 68.35 6th year K 63.87 7th year K 719.75 Determine the purchase bond price (Bond valuation) and the year/months when to get rid of the bonds but ensure that the initial investment is recovered.