The Vinny Cartier Company issued bonds at $1,000 per bond. The bonds had a 20 -year life when issued, with semiannual payments at the then annual rate of 12 percent. This return was in line with required returns by bondholders at that point, as described below: Assume that ten years later the inflation premium is 2 percent, the risk premium 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 Appendix B and Appendix D. (Round "PV Factor" to 3 decimal places. Do not round intermediate calculation. Round the final answer to 2 decimal places.) New price of the bond $ You received no credit for this question in the previous attempt. Bonds issued by the Coleman Manufacturing Company have a par value of $1,000, which is also the amount of principal to be paid at maturity. The bonds are currently selling for $580. They have 10 years to maturity. Annual interest is 16 percent ($160), paid semiannually. Compute the yield to maturity. (Round the final answer to 2 decimal places.) Yield to maturity The Vinny Cartier Company issued bonds at $1,000 per bond. The bonds had a 20 -year life when issued, with semiannual payments at the then annual rate of 12 percent. This return was in line with required returns by bondholders at that point, as described below: Assume that ten years later the inflation premium is 2 percent, the risk premium 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 Appendix B and Appendix D. (Round "PV Factor" to 3 decimal places. Do not round intermediate calculation. Round the final answer to 2 decimal places.) New price of the bond $ You received no credit for this question in the previous attempt. Bonds issued by the Coleman Manufacturing Company have a par value of $1,000, which is also the amount of principal to be paid at maturity. The bonds are currently selling for $580. They have 10 years to maturity. Annual interest is 16 percent ($160), paid semiannually. Compute the yield to maturity. (Round the final answer to 2 decimal places.) Yield to maturity