Consider a 8.2 percent coupon bond with ten years to maturity and a current price of $1, 039.10. Suppose the yield on the bond suddenly increases by 2 percent. Use duration to estimate the new price of the bond. (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the sign in your response.) Calculate the new bond price. (Do not round intermediate calculations. Round your answer to 2 places. Omit the "$" sign in your response.)