Question: A bond with exactly nine years left until maturity offers a 3% annual coupon. The bond, with a YTM of 5%, is priced at 85.784357.

A bond with exactly nine years left until maturity offers a 3% annual coupon. The bond, with a YTM of 5%, is priced at 85.784357. What is the price value of a basis point for this bond?

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