The price value of a basis point (PVBP) fo
问题:
The price value of a basis point (PVBP) for a bond is most accurately described as:()
A. the product of a bond’ s value and its duration.
B. the change in the price of the bond when its yield changes by 0.01%.
C. an estimate of the curvature of the price-yield relationship for a small change in yield.