3 ms·
No? 0,08% or 0,0008 One one-hundredth (.01) of a percentage point. For example, eight percent is equal to 800 basis points. https://www.investor.gov/introduct
by NicoJuicy 5y ago
No? 0,08% or 0,0008
One one-hundredth (.01) of a percentage point. For example, eight percent is equal to 800 basis points.
https://www.investor.gov/introduction-investing/investing-basics/glossary/basis-point#:~:text=One%20one%2Dhundredth%20(.,equal%20to%20800%20basis%20points https://www.investor.gov/introduction-investing/investing-ba....
The author of the article made the wrong calculation which makes this extra confusing. Ugh...
Since 8 basis points from 10 k is 8 => https://www.wolframalpha.com/input/?i=8+basis+points+of+10000 https://www.wolframalpha.com/input/?i=8+basis+points+of+1000...
- FabHK 5y ago> 0,08% or 0,0008 Where are those numbers from? > For example, eight percent is equal to 800 basis points. Correct. 800 bp = 8% = 0.08 = 8e-2, as in your example there (different than the numbers in the linked article). Also, 8 bp = 0.08% = 0.0008 = 8e-4, as in the numbers you gave at the top (different than the numbers in the linked article). Also, 0.08 bp = 0.0008% = 0.000008 = 8e-6, as I’ve pointed out (and corresponding to the numbers in the linked article: > ACH fraud is extremely low at 0.08 basis points, or 8 cents for every $10,000 in payments. Note that 8 cents are $0.08.)
- deleted 5y ago[deleted]
- NicoJuicy 5y agoOmg. 0.08 basis points is indeed in the article. I checked it 2 times and always parsed it as 8bp... And not 0,08bp. I feel embarrassed now. Nice job :p
- FabHK 5y agoNo worries. Basis points are somewhat weird if one is not used to them, and the article is a bit cheeky in that it mixes cents and dollars, making it extra confusing.