Union Local School District has bonds outstanding with a coupon rate of 3.6 percent paid semiannually and 19 years to maturity. The yield to maturity on these bonds is 4.1 percent and the bonds have a par value of $5,000.

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.)

I got $4,677.25 is this correct?