Union Local School District has a bond outstanding with a coupon rate of 3.2 percent paid semiannually and 23 years to maturity. The yield to maturity on this bond is 2.6 percent, and the bond has 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.) Suppose the real fate is 3.6 percent and the inflation rate is 5.2 percent. What rate would you expect to see on a Treasury bill? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)