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You own a bond that has a duration of 8 years. Interest rates are currently 6% but you believe the Fed is about to increase

You own a bond that has a duration of 8 years. Interest rates are currently 6% but you believe the Fed is about to increase interest rates by 25 basis points. What is the predicted price change on this bond using duration? Enter your answer in decimal form with four digits (e.g., 0.1234)

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