Question: Q-2 (Set 2) Union Local School District has bonds outstanding with a coupon rate of 3.? percent paid semiannually and 15 years to maturity. The

Q-2 (Set 2) Union Local School District has bonds outstanding with a coupon rate of 3.? percent paid semiannually and 15 years to maturity. The yield to maturity on 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., 32.16.)

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