When we’re given coupon rate should be assume bond pays semiannual coupon (unless told otherwise)?
yes
Also bond equivalent yields
gaoyao Wrote: ------------------------------------------------------- > Also bond equivalent yields ??? …
if they say 5% yield it is BEY
comp_sci_kid Wrote: ------------------------------------------------------- > if they say 5% yield it is BEY can u pls give a little idea of BEY… i just simply divide annual yield by 2 to get semi annual yield. i remember there were a host of yields - HPY, BEY, YTM etc. can’t remember the details. and i don’t have my l1 and l2 books with me. just whats relevant to l3 …
this is it. you divide BEY by 2 to get effective semianual rate. You multiply effictive semi by 2 to get BEY. Dont quote me on that though.
comp_sci_kid Wrote: ------------------------------------------------------- > Dont quote me on that though. 
… considering the ambiguity of this level, thats a given. Thank you…