Question: a bond with exactly 20 years remaining until maturity offers an 8% coupon rate with annual coupons. the bond has a YTM of 6% is

a bond with exactly 20 years remaining until maturity offers an 8% coupon rate with annual coupons. the bond has a YTM of 6% is priced at 122.939842 per 100 of par value. What is the estimated price value of a basis point for the bond?

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