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Investment calculator
Estimate the theoretical price, premium, or discount of a fixed-rate bond from face value, coupon rate, market yield, maturity, and payment frequency.
How to read these results
These values are calculated from your current inputs. Check the input units and this calculator’s stated assumptions or included scope alongside the results.
Primary result: Theoretical bond price
Supporting value: Premium or discount to face value
Use the result for your next decision
Compare the primary result with your target or another option, then change only the conditions you want to test and recalculate. Before acting, also check the calculator-specific guidance and applicable conditions.
Keep up to three calculated result snapshots only for this page session and compare them with the current result. Inputs, URLs, and browser storage are not used.
Shares only the calculator name and displayed result summary. Inputs and URLs are not included or stored.
Uses your browser’s print feature without uploading or automatically saving your inputs or results.
When market yield is above the coupon rate, a plain bond generally trades below par; when it is below the coupon rate, the bond generally trades above par. Currency selection changes display units only and does not perform FX conversion.
Each coupon is discounted by the market yield per payment period, then the discounted face-value redemption is added. At a 0% market yield, price equals the simple sum of future cash flows.
This is a plain fixed-rate bond model priced on a coupon date. Accrued interest, settlement timing, day-count conventions, calls, credit risk, taxes, and trading costs are excluded.