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Afirm's 30-year bond has par value of 1,000 and a 6.45% semi-annual coupon. The current price is 1022.45. What is the yield-to-maturity of this bond?
Afirm's 30-year bond has par value of 1,000 and a 6.45% semi-annual coupon. The current price is 1022.45. What is the yield-to-maturity of this bond? Report this as a raw number on an annualized basis. Thus, 4,8% should be reported as 4.8, not 0.048
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