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The price value of a basis point (PVBP) measures the change in the price of a bond if the yield changes by one basis point

The "price value of a basis point" (PVBP) measures the change in the price of a bond if the yield changes by one basis point (one one-hundredth of a percent0.01%). PVBP is expressed as the absolute value of the change in price. Consider a coupon bond with a face value of $100, an annual coupon rate of 5%, and 17 years to maturity. What is PVBS if the yield rises from 5% to 5.01%?

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