Martin Shipping Lines issued bonds 10 years ago at $1.000 per bond. The bonds had a 30 year with semiannual payments at the then annual rate of 14 percent. This return was in line with request bondholders at that point as described below: Real rate of return Inflation premium Risk premium 3 Total return 11% Assume that today the inflation premium is only 1 percent and is appropriately reflected in the required return to ield to maturity) of the bonds. ompute the new price of the bond. Use Appendix B and Arpendix D. (Round "PV Factor" to 3 decimal places not round intermediate calculations. Round the final answer to 2 decimal places.) price of the bond $