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A bond has 4 - years left to maturity and offers a 5 . 5 % coupon rate paid annually. The bond is priced at

A bond has 4-years left to maturity and offers a 5.5% coupon rate paid annually. The bond is priced at a yield-to-maturity of 3%.
What is the estimated price value of a basis point for the bond?
Enter answer accurate to 2 decimal places.

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