A $1,612 six-year Eurobond has an 8 percent coupon, is selling at par, and contracts to make annual payments of interest. The duration of this bond is 4.99 years. What will be the new price using the duration model if interest rates increase to 8.5 percent? Enter your answer in the box below. Round your answer to the nearest 2 decimal places. No need to include the $-sign in your answer.