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Hello,I'm hoping someone can tell me if 7/10's of 1% is 7 basis points. I find the use of basis points confusing. Folks seem to slip from bpts. to fracions of percents readily. the largest holding is 7/10ths of 1 % of the portfolio...The exposure is 40 basis points....Thanks in advance,LadyGay
Greetings LadyGay,I'm hoping someone can tell me if 7/10's of 1% is 7 basis points. Nope, .7% is 70 basis points. 100 basis points = 1% if you want to make conversions.HTH,JB
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