Price value of a basis point (PVBP)

Definition:

Also called the dollar value of a basis point; a measure of the change in the price of a bond if the required yield changes by one basis point.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Equalizing dividend

Special dividends received by investors of a firm for income the investor lost because the firm altered the dividends payment schedule.

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