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A 10-year bond with a price of 85.279826 makes annual coupon payments at a coupon rate of 4%. The yield-to-maturity of the bond is 6%.

A 10-year bond with a price of 85.279826 makes annual coupon payments at a coupon rate of 4%. The yield-to-maturity of the bond is 6%. The price value of a basis point of the bond is closest to:

A. 0.0368

B. 0.0666

C. 0.0923

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