Apollo Global Management, Inc.

AI-generated fair value estimate for this company.

Method: Bond-pricing (coupon-discount) model: discounted the roughly 9 remaining quarterly coupons of $0.4766 (7.625% fixed coupon on $25.00 par) through the 12/15/2028 first call/reset date, plus the $25.00 redemption value at that date, at a 7.3% annual required yield (about 1.825% per quarter).

Reasoning: APOS is Apollo Global Management's 7.625% Fixed-Rate Resettable Junior Subordinated Notes due 2053 (par $25.00), which reset to a floating rate (5-year Treasury plus 3.226%) and become callable at par starting 12/15/2028, so pricing to that first call/reset date is the standard market convention for these baby bonds rather than discounting to the 2053 final maturity; the result (about $25.17) closely matches the note's actual trading price near $25.16.