This is one one-hundredth (0.01%) of one percent.
So 5 basis points is equivalent to 0.05% – rather than saying 0.05% it is easier to say 5 basis points (or “bips”).
This is one one-hundredth (0.01%) of one percent.
So 5 basis points is equivalent to 0.05% – rather than saying 0.05% it is easier to say 5 basis points (or “bips”).
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