问题
单项选择题
The price value of a basis point (PVBP) of a bond is $0.75. If the yield on the bond goes up by 1 bps, the price of the bond will:（）
A. decline by $0.75.
B. increase by $0.75.
C. increase or decrease by $0.75.
答案
参考答案：A
解析：
Inverse relationships exist between price and yields on bonds. The larger the PVBP, the more volatile the bond's price.