Yield To Maturity Calculator
Par value, or face value, is the original issue price of the bond. Typically, bond values are stated such that par value is 100.
Current Bond Price
The bond price is the (clean) price at which the bond is currently selling for. For example, if after issue a bond's price falls to 90 from a par value of 100, 90 is what you input here.
The coupon rate is the interest rate which a bond pays based on the par value. For example, if par is 100, the coupon rate is 5%, and the bond pays annually, then each year the bond holder receives 5% of 100, or 5, regardless of the current bond price.
This is the date on which you plan to purchase the bond. The yield to maturity calculated will be the yield to maturity on this date.
First Payment Date
This is the date of the first interest payment after the purchase date.
The payment frequency is how often interest payments are made on a bond. Typical values are annually, semi-annually, quarterly, and monthly.
This is the date on which the bond matures. On this date you receive the final interest payment as well as repayment of the principal, which is the par value.
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