Oom Cruise Lines Incorporated issued bonds five years ago at $1,000 per bond. These bonds had a 25 -year life when issued and the innual interest payment was then 15 percent. This return was in line with the required returns by bondholders at that point as lescribed below: Issume that five years later the inflation premium is only 3 percent and is appropriately reflected in the required return (or yield to naturity) of the bonds. The bonds have 20 years remaining until maturity. :ompute the new price of the bond. Use Appendix B and A ppendix D for an approximate answer but calculate your final answer using he formula and financial calculator methods. Jote: Do not round intermediate calculations. Round your final answer to 2 decimal places. Assume interest payments are annual