Wilson Oil Company issued bonds five years ago at $1,000 per bond. These bonds had a 25 -year life when issued and the annual nterest payment was then 8 percent. This return was in line with the required returns by bondholders at that point in time as described pelow: Assume that 10 years later, due to bad publicity, the risk premium is now 6 percent and is appropriately reflected in the required return (or yield to maturity) of the bonds. The bonds have 15 years remaining until maturity. Compute the new price of the bond. Use Appendix B and AppendixD for an approximate answer but calculate your final answer using ihe formula and financial calculator methods. Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Assume interest payments are annual