2. Problem 10-10 (calculator version) Martin Shipping Lines issued bonds ten years ago at $5,400 per bond. The bonds had a 30year life when issued, with semiannual payments at the then annual rate of 10 percent. This return was in line with required returns by bondholders at that point, as described below: Real rate of return Infla tion premi urn Risk premi 4 um 2% Tota | 10% return Assume that todayr the inflation premium is only 2 percent and is appropriater reflected in the required return {or yield to maturity) of the bonds. Compute the new price of the bond. (Use a Financial calculator to arrive at the answers. Do not round intermediate calculations. Round the nal answer to 2 decimal places.) 51 New price of the bond '