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The rice value of a basis ponr PV measures the change n the price of a bond if the yeld changes by one basis point

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The rice value of a basis ponr PV measures the change n the price of a bond if the yeld changes by one basis point one one hundredth of a percent 01%) PVBP is expressed as the absolute value of the change n pnce For example, tf the yeld on a bond n ses lorn 8% to 801% and the bond ice fais by SO 392 on $1,000 face), then the PVBP is 0 3992 Drawing on your knowledge of the price-yield propertes of coupon bonds, which of the following bonds has the highest PVBP? Select the best choice below) 5years, 8% coupon B. 10 years, 8% coupon C. 15 years, 8% coupon D. 20 years, 8% coupon 0 E. 25 years, 8% coupon

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