Martin Shipping Lines sued bonds 10 years ago at $1000 per bond The bonds had a 30 year life when issued with semiannual payments at the then annual rate of 13 percent. This return was in line with required returns by bondholders at that point, as described below Heat rate of Inflation preni Total return Assume that today the nation premium is only percent and is appropriately reflected in the required return for yield to maturity of the bonds Comote the new cinice at the bond Ure And 3 and Ponendik Round "PU Factor" 10 3 decimal places. Do not round intermediate calculations. Round the final answer to 2 decimal places New price of the bond 1809 48 O