Yield curve strategies

RD 24, Eoc #11

I was going through this calculation and was confused about PVBP in the exhibit 2: PVBP formula is = -Duration*Market value*.0001 here I put in -19.60*150*.0001 = 2.94??? In the table we have 1960/ million? I do not understand this ach Gmail this conversation is important.

First,

19.60 × 150 × 0.0001 = 0.294, not 2.94

Second,

0.294 ÷ 150 × 1,000,000 = 1,960 per million

Got it. Thanks

You’re welcome.