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Consider an annual coupon bond with 4% YTM, duration of 11.1 years, and a convexity of 121.65. The bond is currently priced at $800.10. If

Consider an annual coupon bond with 4% YTM, duration of 11.1 years, and a convexity of 121.65. The bond is currently priced at $800.10. If the interest rate were to increase 500 basis points, what is your predicted new price for the bond (including convexity)? Please round your answer to two decimal places.

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