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Union Local School District has a bond outstanding with a coupon rate of 3 . 2 percent paid semiannually and 2 1 years to maturity.

Union Local School District has a bond outstanding with a coupon rate of 3.2 percent paid semiannually and 21 years to maturity. The yield to maturity on this bond is 3.5 percent, and the bond has a par value of \(\$ 5,000\). What is the dollar price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)

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