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A bond makes annual coupon payments, is currently worth $971, and has a duration of 5.39 years. The bond's yield-to-maturity is currently 9%. If the

A bond makes annual coupon payments, is currently worth $971, and has a duration of 5.39 years. The bond's yield-to-maturity is currently 9%. If the rate on same-risk bonds suddenly changes to 8.51%, then what does duration predict the new price of the bond to be? Round your answer to the nearest penny.

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