What is predicted to be the bond new price

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A bond has a duration of 5.1, a yield-to-maturity of 4.97%, and convexity of 92.46. If the current bond's price is $1,151.45 what is predicted to be the bond's new price if interest rates suddenly jump upwards by 1.17%? State your answer as a dollar amount with two decimal places.

Reference no: EM133075176

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