Question: Can you please show the calculations for the answer that you have given. Union Local School District has bonds outstanding with a coupon rate of

Can you please show the calculations for the answer that you have given.

Union Local School District has bonds outstanding with a coupon rate of 3.7 percent paid semiannually and 15 years to maturity. T these bonds is 4.3 percent and the bonds have a par value of $5,000. What is the dollar price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g
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