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In a framing statement, you should make it clear that:
Yield to Maturity
The total return anticipated on a bond if it is held until it matures, considering all payments of interest and principal.
Semiannually
Taking place semiannually, usually once every six months.
Liquidity Risk
The risk that an entity may be unable to convert its assets to cash quickly without significant loss in value, impacting its ability to meet its short-term obligations.
Default Risk
The possibility that a borrower will be unable to make the required payments on their debt obligations.
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