The price value of a basis point will be the same regardless if the yield is increased or decreased by 1 basis point. However, the price value of 100 basis points (i.e., the change in price for a 100-basis-point change in interest rates) will not be the same if the yield is increased or decreased by 100 basis points. Choose which statements are correct: i. The bond yield relationship is not linear, it's convex ii. Although the prices of all option-free bonds move in the opposite direction from the change in yield, the percentage price change is not the same for all bonds iii. For very small changes in the yield (like 1 basis point), the percentage price change for a given bond is roughly the same, whether the yield increases or decreases iv. For large changes in the required yield (like 100 basis points), the percentage price change is not the same for an increase in the required yield as it is for a decrease in the required yield v. For a given large change in basis points, the percentage price increase is the same as the percentage price decrease vi. The size of the change explains why the price value of a basis point will be roughly the same regardless of the sign of the change, while the price value of 100 basis points will not be the same if the yield is increased or decreased by 100 basis points. All of the above are correct O Only (i), (ii), and (iii) are correct None of the above O Only (v) is correct O Only (i); (i), (iii), (iv) and (vi) are correct