Justin Maydor inquired from his agent to buy a bond of Real Estate. The agent offered a price of $2,000. Now, Justin Maydor wants to see if his agent quoted him a higher or lower price. The $1,000 par value bonds pays an interest of 15%. The bond has a remaining life of 20 years and 10% is the current yield to maturity. Compute the new price of the bond and comment on whether the price of bond is overpriced (Give your answer in two decimal place).