Problem 10-11 (calculator version) The Vinny Cartier Company issued bonds at $1,000 per bond. The bonds had a 20-year life when issued with serannual payments at the then annual rate of 12 percent. This return was in line with required returns by bondholders at that point, as described belon. Real rate of return Inflation premium Risk precum 5 4. Total return Assume that ten years later the Inflation premium is 2 percent, the risk premlum has declined to 3 percent and both are appropriately reflected in the required return (or yield to maturity) of the bonds. The bonds have 10 years remaining until maturity Compute the new price of the bond. Use a Financlalcalculator to arrive at the answers. Do not round Intermediate calculations. Round the final answer to 2 decimal places.) New price of the bond