Bond Calculator
Two directions: enter YTM to price a bond, or enter market price to solve implied yield to maturity.
Fair price
$1,019.72
- Premium over face
- $19.72
Assumes next coupon exactly one period away.
How the Bond Calculator works
The calculation follows the standard method used across the US — no shortcuts, no hidden assumptions. Here is exactly what happens behind the scenes:
Formula
P = Σ C/(1+y/m)^t + F/(1+y/m)^n
Frequently Asked Questions
Why did my bond lose value when rates rose?
Fixed coupons compete with new-issue yields; prices fall until older bonds match market returns. Longer maturities swing harder (duration).
Coupon vs yield?
Coupon is fixed at issuance relative to face value. Yield reflects today's price — premium bonds yield less than coupon, discounts more.
Related Calculators
CD Calculator
Calculate CD maturity value from deposit, term, and APY — including interest earned at renewal.
Financial
APR Calculator
Convert nominal rates to effective annual rate and see fee-inclusive APR on installment loans.
Financial
Mutual Fund Calculator
Project mutual fund growth net of expense ratios and see exactly what fees cost over your horizon.
Financial