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A bond has a duration of 8.04 with a yield-to-maturity of 5.1. The current bond price is $1,141.58. Convexity for this bond is determined to

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A bond has a duration of 8.04 with a yield-to-maturity of 5.1. The current bond price is $1,141.58. Convexity for this bond is determined to be 128.44. What would be the bond's new price if interest rates suddenly increased by 1.58% ? State your answer as a dollar amount with two decimal places. A bond has a duration of 8.04 with a yield-to-maturity of 5.1. The current bond price is $1,141.58. Convexity for this bond is determined to be 128.44. What would be the bond's new price if interest rates suddenly increased by 1.58% ? State your answer as a dollar amount with two decimal places

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