#5 22 points. New Century Computer issued $450 million of AA-rated 30-year $1,000 par bonds on this date in 2013, which have a coupon interest rate of 6 percent and pay interest annually. An increase in the inflation rate by 2 percent and an increase in corporate risk, (beta), have caused the required return on these bonds rise to 8 percent. 1. Find the annual interest payment of a bond 2. Find the current price of a bond.