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1. A bond has a duration of 5.4, a yield-to-maturity of 5.05%, and convexity of 105.07. If the current bond's price is $1,189.41 what is

1. A bond has a duration of 5.4, a yield-to-maturity of 5.05%, and convexity of 105.07. If the current bond's price is $1,189.41 what is predicted to be the bond's new price if interest rates suddenly jump upwards by 1.5%? State your answer as a dollar amount with two decimal places.

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