mfleming1983

okay… wow… reading further I just read that bond equivalent yiled (BEY) is also referred to as semiannual YTM or semiannualpay YTM. If you are given yields that are identified as BEY, you will know that you must divide by two to get the semiannual discount rate.
So the question I had was indeed worded as “semiannual yields to maturity”… which is also BEY, which must be divided by two to get the semiannual discount rate.
Did I just answer my own question??
(There have been a few times when Schweser has a concept’s explanation a few pages AFTER you would need it to solve an example. I hope they fix that.)