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A bond has a duration of 7 . 8 4 with a yield - to - maturity of 5 . 6 . The current bond

A bond has a duration of 7.84 with a yield-to-maturity of 5.6. The current bond price is $1,169.75. Convexity for this bond is determined to be 126.08. What would be the bond's new price if interest rates suddenly increased by 1.66%? State your answer as a dollar amount with two decimal places.

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