What is the dollar price of the bond business and finance homework help

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Union Local School District has bonds outstanding with a coupon rate of 4.2 percent paid semiannually and 17 years to maturity. The yield to maturity on these bonds is 3.5 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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