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- Jun 18, 2026
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In Kaplan Schweser 2019, page 103 of Fixed Income, 4th Q says
The current price of a $1,000, 7 year, 5.5% semi annual coupon bond is $1,029.23. The bond’s price value of a basis point is closest to
a) $0.05
b)$0.6
c)$5.74
In the answer, They have subracted 1,029.23 by the price of +0.01% .
Why have the not taken the average of the price of +0.01% and -0.01% ??
The current price of a $1,000, 7 year, 5.5% semi annual coupon bond is $1,029.23. The bond’s price value of a basis point is closest to
a) $0.05
b)$0.6
c)$5.74
In the answer, They have subracted 1,029.23 by the price of +0.01% .
Why have the not taken the average of the price of +0.01% and -0.01% ??