Union Local School District has a bond outstanding with a coupon rate of 3.8 percent paid semiannually and 29 years to maturity. The yield to maturity on this bond is 2.9 percent, and the bond has a par value of $10,000. What is the price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Price Assume the nominal rate was 11.50% and the inflation rate was 3%. Using the Fisher Effect, what was the real rate? 3