What is predicted to be the bond new price

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A bond has a duration of 6.2, a yield-to-maturity of 4.66%, and convexity of 98.31. If the current bond's price is $1,109.34 what is predicted to be the bond's new price if interest rates suddenly jump upwards by 1.33%?

State your answer as a dollar amount with two decimal places.

Reference no: EM133068913

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