For those who have written level one already/before already, periods, written, otherwise

glamorous

How clear are they usually when it comes to compounding/stating rates? What I mean is how explicit are they when it comes to things such as semi/annual compounding.

Some sources say assume semi for bonds unless otherwise stated, some say assume annual unless otherwise stated....

and

Spot rates/forwards; are they assumed as yearly/annual or in a composition where stated rate = annual, but 1 year consist of 2 periods? (so /2)

Bluetick1010

The question should make it pretty clear.

FVPV

Their questions are very clear. Won't have to worry about assuming compounding frequency, par values or whether IFRS/US GAAP apply.