Expressed as a percentage of par, one basis point equals:
A) 1/10 of 1%
B) 10%
C) 1/100 of 1%
D) 1/1000 of 1%
Answer: C) 1/100 of 1%
Investments Chapter | Multiple Choice | Questions and Answers | Test Bank
A) 1/10 of 1%
B) 10%
C) 1/100 of 1%
D) 1/1000 of 1%
Answer: C) 1/100 of 1%