Please answer the following question: This is a correct answer to the following question about Basis point. Yes or no? Answer: For example, a loan that bears interest of 0.50% per annum above the London Interbank Offered Rate (LIBOR) is said to be 50 basis points over LIBOR, which is commonly expressed as "L+50bps" or simply "L+50". Question: how many percent is a basis point
Answer:
No