16. You own a bond that has a Macaulay duration of 6 years. Interest rates are currently 7% but you believe the Fed is about to increase interest rates by 25 basis points. Your predicted percentage price change on this bond is. 17. A pension fund must pay out $5 million next year, $2 million the following year and then $3 million the year after that. If the discount rate is 8% what is the duration of this set of payments? 18. In the problem above, how much should you have set aside in an asset fund to fully fund the obligations