Bond Calculator
Estimate bond price, current yield, and yield to maturity from face value, coupon rate, and market rate.
Results
What is a Bond Calculator?
A bond calculator estimates the present value of a bond by discounting its future coupon payments and face value at the market rate. It also computes current yield and an approximate yield to maturity.
How to Use This Calculator
- Enter the bond's face value (par value).
- Input the annual coupon rate.
- Enter the current market interest rate (yield).
- Specify years to maturity and payment frequency.
- Click Calculate to see bond price, yields, and total coupon payments.
Frequently Asked Questions
Why does the bond price change when market rates change?
Bond prices move inversely to interest rates. When market rates rise, existing bonds with lower coupons become less valuable, so their prices fall.
What is current yield?
Current yield is the annual coupon payment divided by the bond's current market price. It measures income return without accounting for capital gains or losses.
What is yield to maturity?
Yield to maturity is the total return if you hold the bond until maturity, accounting for coupon payments and the difference between purchase price and face value.
Can this price zero-coupon bonds?
Set the coupon rate to zero. The calculator will then discount only the face value to present, giving you the zero-coupon bond price.