Exam 3 Question 2 for Save Ext Tm remaining 23s14 Tom Cruise unes Inc. issued bonds tve years ago at s1.000 perbond. These bonds had a 2syear returns by bondholders at that point as described below: use when issued andthe annual interest payment was then 12 peroent. This retum was n Ine with the required Real rate of return that sve years later the intaton premium is only 3 percent and is appropriately reflected n the required return (or yield to maturity) of the bonds The bonds have 20 yars remaining untlmaturity Compute the new price ofee bond. use Append Band AppNdb for an your sna answer using calculations. Round your final answer to 2 decimal places. Assume are annual the formula and financial caloulator methods (Do not round intermediate Ne priced the bond eBook & Resources