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    Exam 4: Future Value, Present Value and Interest Rates
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    Convert Each of the Following Basis Points Amounts to Percents
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Convert Each of the Following Basis Points Amounts to Percents

Question 106

Question 106

Essay

Convert each of the following basis points amounts to percents:
a) 412.5
b) 10
c) 125.7
d) 1075
e) 1

Correct Answer:

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Since 1 basis point equals .01 percent, ...

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