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A bond has a duration of 7 . 6 1 with a yield - to - maturity of 5 . 1 . The current bond

A bond has a duration of 7.61 with a yield-to-maturity of 5.1. The current bond price is $1,089.24. Convexity for this bond is determined to be 110.1. What would be the bond's new price if interest rates suddenly increased by 1.45%? State your answer as a dollar amount with two decimal places.
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