Luna Crow Corporation issued bonds 10 years ago at $1,000 per bond. The bonds had a 30 -year life when issued, with semiannual payments at the then annual rate of 9 percent. This return was in line with the required returns by bondholders at that point, as described below: Assume that today the inflation premium is only 1 percent and is appropriately reflected in the required return (or yield to maturity) of the bonds. Compute the new price of the bond. (Use a Financial calculator/Excel to arrive at the answers. Do not round intermediate calculations. Round the final answer to 2 decimal places.) New price of the bond