单选题 The price value of a basis point (PVBP) for a 7-year, 10 percent semiannual pay bond with a par value of $1000 and yield of 6 percent is closest to:

A、

A. $ 0.28.
B、

B. $ 0.92.
C、

C. $ 0.64.

【正确答案】 C

【答案解析】

Initial price:	Price with change:
FV=1000	FV=1000
PMT=50	PMT=50
N=14	N=14
I/Y=3%	I/Y=3.005
CPTPV=1225.92	CPTPV=1225.28

PVBP=1225.92-1225.28=0.64. PVBP is always the absolute value.