Question Details

	Username: ForexGuy Rating: Asked to: Chaoxiang Lee Date Created: 30 Aug 2017
Category	46
Tag	Financial
Question	Please give the definition of 'Basis Price'.

Advice from Guru

Hi ForexGuy,

Price quotation for a security expressed in terms of yield to maturity. This will usually only be quoted on fixed-income securities such as bonds.

For example, if a bond price was quoted as 10% and this was also the yield to maturity, then the 10% would be the basis price.

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