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A bond has a duration of 7 . 4 , a yield - to - maturity of 5 . 1 6 % , and convexity

A bond has a duration of 7.4, a yield-to-maturity of 5.16%, and convexity of 90.9. If the current bond's price is $1,143.03 what is predicted to be the bond's new price if interest rates suddenly jump upwards by 1.03%? State your answer as a dollar amount with two decimal places.
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