Problem $7-10$ Valuing Bonds $[$LO$2]$

Yan Yan Corporation has a $$2,000$ par value bond outstanding with a coupon rate of $4\mathrm{.}4$

percent paid semiannually and $18$ years to maturity. The yield to maturity on this bond is

$4\mathrm{.}7$ percent. What is the dollar price of the bond? $($Do not round intermediate

calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Bond price