Union Local School District has bonds outstanding with a coupon rate of 3.9 percent paid semiannually and 22 years to maturity. The yield to maturity on these bonds is 4.5 percent and the bonds have a par value of $10,000.

What is the dollar price of each bond?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Is my answer below this correct, if not why not? A step-by-step analysis/solution would be much appreciated.

What is the dollar price of each bond? {Do not round intermediate calculations and round your answer to 2 decimal places, e.g.. 32.16.} and prion $ 9,151.51