A spread of ____ basis points is equal to 0.75 percent.
A) 7,500
B) 750
C) 75
D) 7.5
E) 0.75

Name: A spread of ____ basis points is equal to 0.75 percent. A) 7,500 B) 750 C) 75 D) 7.5 E) 0.75
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Question

Quizplus · Accepted Answer

A basis point is equal to 0.01 percent. Therefore, to find the spread in percent, we divide 0.75 by 0.01, which gives 75 basis points. So, the spread of 75 basis points is equal to 0.75 percent. Therefore, the best choice is C.

A Spread of ____ Basis Points Is Equal to 0