CFA Practice Question

CFA Practice Question

A bond has a price of $973.22 and a duration of 7.94 years. The price value of a basis point is:
A. $0.7659
B. $0.7917
C. $0.7727
Explanation: PVBP = Price * Duration * 1BP = 973.22 * 7.94 * 0.0001

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