My understanding was that unless otherwise stated bonds are semi annual coupon by default. Here it doesn’t seem to be the case and the question, nor the viginette says either semi annual or annual. I can calculate the value fine, once I know that we in fact have an annual coupon scenario here. But I don’t see how one would really know unless one values it both ways. So I guess I’m asking a testing vernacular and time management question here. Anyone else scratch their heads on this question or know of a better way to look at this?