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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

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 27 basis points. Your predicted price change on this bond is (Select the closest answer.) -1.51% +1.51% +5.61%

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