We mcdiate Acco GEND Soved Problem 10-11 (calculator version) The Vinny Cartier Company issued bonds at $1,000 per bond. The bonds had a 25-year life when issued with semiannual payments at the then onnual rate of 13 percent. This return was in line with required returns by bondholders at that point, as described below Real rate of return Inflation premium Risk premium 4% 5 4 Total return 133 Assume that ten years later the inflation premium is 3 percent, the risk premium has declined to 2 percent and both are appropriately reflected in the required return for yield to maturity of the bonds. The bonds have 15 years remaining until maturity Compute the new price of the bond. (Use a Financial caleulator to arrive at the answers, Do not round intermediate calculations. Round the final answer to 2 decimal places) New price of the bond $ 1325.78