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Determining the bond new price

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A bond has a duration of 6.5 with a yield-to-maturity of 5.2. The current bond price is $1,178.37. Convexity for this bond is determined to be 121.94. What would be the bond's new price if interest rates suddenly increased by 1.74%? State your answer as a dollar amount with two decimal places.

Reference no: EM133068991

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