Valuing Bonds Union Local School District has bonds outstanding with a coupon rate of 2.9 percent paid semiannually and 12 years to maturity. The yield to maturity on these bonds is 3.4 percent and...

Valuing Bonds Union Local School District has bonds outstanding with a coupon rate of 2.9 percent paid semiannually and 12 years to maturity. The yield to maturity on these bonds is 3.4 percent and the bonds have a par value of $5,000. What is the dollar price of each bond?