DEFINITION
Semi-Annual Basis

"Semi-annual basis": The quotation of a rate of return, or a cost, on the basis of a nominal annual rate for compounding twice per year. ExampleQ. A rate of return - quoted as an annual effective rate - is 10. 25%. What is this same rate of return quoted on a semi-annual basis?A. The same rate of return quoted on a semi-annual basis is: (1. 1025 (1/2) -1) x 2= 10%.
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