What is the estimated price value of a basis point for the


A bond with exactly seven years remaining until maturity offers a 5% coupon rate with annual coupons. The bond, with a yield-to-maturity of 8%, is priced at $84.38 per 100 of par value. What is the estimated price value of a basis point for the bond?

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Financial Management: What is the estimated price value of a basis point for the
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