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Consider an annual coupon bond with 6% YTM, duration of 10.4 years, and a convexity of 121.76. The bond is currently priced at $842.41. If

Consider an annual coupon bond with 6% YTM, duration of 10.4 years, and a convexity of 121.76. The bond is currently priced at $842.41. If the interest rate were to increase 300 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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