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Union Local School Distric hirs bonds outstanding with a coupon rate of 3.2 percent paid semiannually and 15 years to maturity. The yeld to maturity

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Union Local School Distric hirs bonds outstanding with a coupon rate of 3.2 percent paid semiannually and 15 years to maturity. The yeld to maturity on these bonds is 3.5 pecent and the bonds have a par yalue of $5.000 What is the dollar price of each bond? (Do not round intermediote calculetions and round your answer to 2 decimal places, e.9., 32.16.)

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