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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

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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 (one one-hundredth of a percent-0.01%). PVBP is expressed as the absolute value of the change in price. Consider a coupon bond with a face value of $100,000, an annual coupon rate of 8% and that matures in 5 years. What is PVBP if the yield rises from 8% to 8.01%? The PVBP if the yield rises from 8% to 8.01% is $. (Round to the nearest cent.)

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