Dilbert,inc., planned to issue $3-$year, $$1,000$ face value bonds totaling $$40$ million next month. Thebonds have been printed with a $3\%$ annual coupon rate. Since that printing, however, Moody'sdowngraded Dilbert's bond rating from AAA to A$,$ and the bonds will have to be priced to yield buyers $3\mathrm{.}5\%.$ Determine the bond's price.