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Investment calculator
Enter face value, market price, coupon rate, time to maturity, and payment frequency to estimate yield to maturity (YTM) and current yield.
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: Yield to maturity (YTM)
Supporting value: Current yield
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.
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YTM is the annualized internal rate that makes the present value of coupons and redemption equal the current price. Taxes, trading costs, default risk, and resale price are excluded.
The calculator discounts every coupon payment and the face-value redemption using one yield, then numerically solves for the yield that matches the entered market price. Current yield is annual coupon income divided by market price.
Real bond pricing may include accrued interest, settlement conventions, day-count rules, call features, and taxes. This calculator is intended for plain fixed-rate bond comparisons.