Facebook has just issued its first bond. Its a 10-year issue with $1,000 face value and a 4% coupon rate. What is the r for this bond?

Hint, r is in time units of 6 months, with semi-annual compounding.

(Do not round intermediate calculations and do not enter your answer as a percent. Round your answer to 3 decimal places, e.g., 0.315 instead of 31.5%.)

Facebook has just issued its first bond. Its a 10 year issue with $1,000 face value and a 4% coupon rate. What is the yield to maturity?

(Do not round intermediate calculations and do not enter your answer as a percent. Round your answer to 3 decimal places, e.g., 0.315 instead of 31.5%.)