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Union Local School District has bonds outstanding with a coupon rate of 29 percent pold semiannually and 24 years to maturisy. The yleld to maturity

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Union Local School District has bonds outstanding with a coupon rate of 29 percent pold semiannually and 24 years to maturisy. The yleld to maturity on these bonds is 25 percent and the bonds have a parvalue of $10,000. What is the price of the bonds? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.u 32.16 \)

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