Consider a 2-year bond whose par value is $1,000 and coupon rate is 6% per year, payable semi-annually. The bond's current price is such that its yield to maturity is 5.50% p.a. (continuous compounding). Suppose that the yield declines by 0.1% (i.e., from 5.50% p.a. to 5.40% p.a.). Using the concept of duration, what do you estimate the new bond price to be