Fixed income...whats the norm..annual or semi annual when no
In a question where its not mentioned specifically that bond payment is annual or semi annual…does one take it as semi annual or annual to be the norm?
Consider a 10 year, 5 percent bond priced at 1028 . What is the YTM?
Here in the answer N is taken as 20 and pmt as 25 all the while supposing that its semi annual….why?? |