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A bond has a duration of 8.08 with a yield-to-maturity of 5.8. The current bond price is $1,180.27. Convexity for this bond is determined to

A bond has a duration of 8.08 with a yield-to-maturity of 5.8. The current bond price is $1,180.27. Convexity for this bond is determined to be 99.99. What would be the bond's new price if interest rates suddenly increased by 1.51%? State your answer as a dollar amount with two decimal places.

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