A customer has 10 municipal bonds which each increased in yield by 1 basis point. For the 10 bond position this increase is equal to:

A customer has 10 municipal bonds which each increased in yield by 1 basis point. For the 10 bond position this increase is equal to:

A customer has 10 municipal bonds which each increased in yield by 1 basis point. For the 10 bond position this increase is equal to:



A) $10.00.

B) $1.00.

C) $0.50.

D) $5.00.



Answer: B) $1.00.


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