You have been considering a zero-coupon bond, which pays no interest but will pay a principal of \(\$ 1,000\) at the end of five years. The price of the bond is now \(\$ 712.99\), and its required rate of return is \(7.0 \%\). This morning's news contained a surprising development. The government announced that the rate of inflation appears to be \(5.5 \%\) instead of the \(4 \%\) that most people had been expecting. (Suppose most people had thought the real rate of interest was \(3 \%\).) What would be the price of the bond, once the market began to absorb this new information about inflation?