How much should shelley pay for this bond today

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Challenging. Shelley is considering buying a Best Buy bond. It pays $35 coupons semiannually. She only wants to hold the bond for 5 years. It has fourteen years until it matures. At the time she sells it, she thinks market rates will rise to 6 percent from their current rate of 4 percent. She has come to you for advice about the bond's value. How much should Shelley pay for this bond today?

How do I calculate, slightly confused

Reference no: EM132234857

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