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A bond has a duration of 7 . 5 3 with a yield - to - maturity of 5 . The current bond price is

A bond has a duration of 7.53 with a yield-to-maturity of 5. The current bond price is $1,076.42. Convexity for this bond is determined to be 115.42. What would be the bond's new price if interest rates suddenly increased by 1.56%? State your answer as a dollar amount with two decimal places.
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