Finance

Yield Calculator

Estimate current yield and yield to maturity (YTM) for a bond given price, coupon, face value and years to maturity.

Inputs OFF

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Price vs Face OFF

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Current Yield OFF

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Yield to Mat. OFF

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Bond Inputs

Current Price ($)

Coupon Rate (% per year)

Face Value ($)

Years to Maturity

Results

Current Yield —

Annual Coupon ($) —

Yield to Maturity —

Price / Face —

Method

Current yield = annual coupon payment ÷ current market price. Yield to maturity (YTM) is approximated with the standard bond formula YTM ≈ (C + (F − P)/n) ÷ ((F + P)/2), where C is the annual coupon, F the face value, P the price and n the years to maturity. A bond trading below face (a discount) has YTM above the coupon rate; trading above face (a premium), YTM falls below the coupon rate.