I was clarifying what I meant by 5%. I didn’t mean 5% as in 1.05 whatever the interest rate currently is. I means the current interest rate +5%. 500 basis points is 5%.
I was asking about the importance of basis points - wondering what you think about basis points.
For example, “0.05%” most people would understanding, but the more fine-tuned and smaller “8 basis” points would have some people wondering, huh?