24. You have been considering a bond with annual payments at 6% coupon rate. The bond matures in 7 years and has a principle of $1,000. The price of the bond is now $895.87, and its yield to maturity is 8%. The morning's news contained a surprising development. The government announced that the rate of inflation appears to be 6% instead of the 5% that most people had been expecting. What would be the price of the bond once the market began to absorb this new information