a bond with exactly nine years remaining until maturity offers a 3% coupon rate with annual coupons. The bond, with a yield-to-maturity of 5%, is priced at 85.784357 per 100 of par value. The estimated price value of a basis point for the bond is closest to:
A) 0.0086.
B) 0.0648.
C) 0.1295.
Correct Answer:
Verified
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