4. Recently, the Federal Reserve has announced to raise the fed fund rates by 0.75% ( 75 basis points). Given that rates typically move in tandem, Luke expects that there will be a similar increase in yields for the bonds that he manages. Given that Luke has 2-year bond with a modified duration of 1.67 and a 10 -year bond with a modified duration of 8.9, explain to Luke how the recent policy change from the Federal Reserve could impact his bonds, and more importantly, HOW do you know