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To calculate a percentage of a percentage, convert both percentages to fractions of 100, or to decimals, and multiply them. For example, 50% of 40% is: 50 / 100 × 40 / 100 = 0.50 × 0.40 = 0.20 = 20 / 100 = 20%. It is not correct to divide by 100 and use the percent sign at the same time; it would literally imply division by 10,000.
Middle gray. 50% CIELAB lightness. ( Y = 18.4%) In photography, painting, and other visual arts, middle gray or middle grey is a tone that is perceptually about halfway between black and white on a lightness scale; [1] in photography and printing, it is typically defined as 18% reflectance in visible light. [2] [3]
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Coupons are normally described in terms of the "coupon rate", which is calculated by adding the sum of coupons paid per year and dividing it by the bond's face value. For example, if a bond has a face value of $1,000 and a coupon rate of 5%, then it pays total coupons of $50 per year.
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