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All other things equal (YTM = 8%), which of the following has the longest duration? You own a bond that has a duration of 6

All other things equal (YTM = 8%), which of the following has the longest duration?

You own a bond that has a 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 price change on this bond is ________.

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