Context = calcul of the dollar safety margin in contingent immunization
When no indication is given, should one assume that the frequency of the coupon is 6 months?
For actualisation purpose, if given a target final value FV in N years, the initial portfolio value required to reach FV should be :
FV/(1+ bond equivalent yield/2)^(2*N)
or could it be
FV/(1+bond equivalent yield)^N ?