You own a bond that has a modified duration of $5\mathrm{.}61$ years. Interest rates are currently $7\%$ but you believe the Fed is about to increase interest rates by $25$ basis points $)=(0\mathrm{.}25\%.$ Your predicted price change on this bond $($based on the duration measure$)$ is $q,$

$+1\mathrm{.}4\%$

$-1\mathrm{.}4\%$

$2\mathrm{.}51\%$

$-2\mathrm{.}51\%$