To: RWR8189
Here's a question: What exactly IS a "basis point" anyway?
To: FourtySeven
A basis point is 1/100th of a percent. 100 basis points equals 1 percentage point. 50 basis points equals 0.5%
21 posted on
12/14/2004 11:53:59 AM PST by
RinaseaofDs
(The problem with socialism is that eventually you run out of other people's money.)
To: FourtySeven
It's the fraction times 1000. 25 basis points is the same as .025 increase in the interest rate.
27 posted on
12/14/2004 12:36:57 PM PST by
JustaCowgirl
(I don't know what I said yesterday, but I know what I think, and I assume that's what I said- Rummy)
To: FourtySeven
"Here's a question: What exactly IS a "basis point" anyway?"
1/100th of a percent.
37 posted on
12/14/2004 2:06:21 PM PST by
Woodman
("One of the most striking differences between a cat and a lie is that a cat has only nine lives." PW)
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