Define basis point

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 18Q: Briefly explain how NPV is computed and interpreted.
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Define basis point

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A base value is an approximate number, also used as an initial index value. All potential index values are compared to the base estimate.

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