The Basis Point Converter - Quant Trader Interview Question
Difficulty: Easy
Category: Mental Math & Estimation
Practice quant interview questions from top firms including Jane Street, Citadel, Two Sigma, DE Shaw, and other leading quantitative finance companies.
Topics: mental-math, basis-points, percentage, decimal
Problem Description
A bond trader mentions a change of 375 basis points in a bond yield.
What is this change expressed as a percentage and as a decimal?
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