QUESTION 7 Immediately after your purchase, interest rates increase from 5.5% to 6.596. What is the predicted new price of the bond, using modified duration? (If you're unsure of your answer in the first problem, use a modified duration of 7.50 years.) 0.75 points Save Answer QUESTION 8 Using the modified duration and a convexity of 72.31, compute the new price of the bond with the duration-with-convexity rule. Again, if you are unsure of your answer for the modified duration, use 7.50 years