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Union Local School District has a bond outstanding with a coupon rate of 2.8 percent pald semiannually and 25 years to maturity. The yield to

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Union Local School District has a bond outstanding with a coupon rate of 2.8 percent pald semiannually and 25 years to maturity. The yield to maturity on this bond is 2.4 percent, and the bond has a par value of $5,000. 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 I. es

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