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A bond pays coupons semiannually. The annual coupon rate of the bond is 8% and it has a maturity of 5 years. The annual yield

A bond pays coupons semiannually. The annual coupon rate of the bond is 8% and it has a maturity of 5 years. The annual yield to maturity of the bond is 8%. What is the price value of a basis point for the bond?

Group of answer choices

0.0405

0.0449

0.0396

0.0987

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