Convert each of the following basis points amounts to percents:a) 412.5b) 10c) 125.7d) 1075e) 1
What will be an ideal response?
Since 1 basis point equals .01 percent, we can determine that:
a) 412.5 basis points is 4.125%
b) 10 basis points is 0.1%
c) 125.7 basis points is 1.257%
d) 1075 basis points is 10.75%
e) 1 basis point is 0.01%
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