Tom Cruise Lines Inc. issued bonds five years ago at $1,000 per bond. These bonds ha 25-year life when issued and the annual interest payment was then 15 percent. Ims was in line with the required returns by bondholders at that point as desc rs ago at $1,000 per bond. These bonds had a hen 15 percent. This return at that point as described next: Real rate of return 490 Risk premium. Total return 5 1500 .. ocume that Ile yer la nd erianely eflected in the required return (or yield to maturity) of the bonds. The bonds have 20 years maining until maturity. Compute the new price of the bond