How many days are there in a year?

CFA Level II
#1

I’m doing derivatives questions, and getting frustrated with this! So it’s 365 except when it’s 360. Also you don’t assume continuous compounding unless it says, except for that question I just did where it was assumed. Any tips people can share? Thanks

#2

I’m wondering the same thing. So far the only constant I can figure out is that when dealing with LIBOR it’s a 360 day base? But I thought everything else was 365 until the Sample 2 I just did used 360 for equities and currencies. I figured it was just for simplicities sake, but it still messed with my head a little bit.

#3

i think that only fras are with 360

#4

If nothing is states go with 360 for LIBORs and 365 with everything else. If they state differently…then just be their slave…use their rate…