Bond Yield to Maturity and Call
Solve the yield implied by a bond price and compare maturity with one optional call scenario.
- Methods explained
- Save scenarios
- Compare saved scenarios
Bond terms
Yield and sensitivity
Yields are nominal annual rates at the chosen coupon frequency. Duration assumes payment to maturity. The lower modeled yield considers only the one call you enter; it is not a complete yield-to-worst analysis.
Cash flows if held to maturity
| Years | Coupon | Principal | Total payment | Present value |
|---|---|---|---|---|
| 0.50 | $25.00 | $0.00 | $25.00 | $24.31 |
| 1.00 | $25.00 | $0.00 | $25.00 | $23.64 |
| 1.50 | $25.00 | $0.00 | $25.00 | $22.99 |
| 2.00 | $25.00 | $0.00 | $25.00 | $22.36 |
| 2.50 | $25.00 | $0.00 | $25.00 | $21.74 |
| 3.00 | $25.00 | $0.00 | $25.00 | $21.14 |
| 3.50 | $25.00 | $0.00 | $25.00 | $20.56 |
| 4.00 | $25.00 | $0.00 | $25.00 | $20.00 |
| 4.50 | $25.00 | $0.00 | $25.00 | $19.45 |
| 5.00 | $25.00 | $0.00 | $25.00 | $18.91 |
| 5.50 | $25.00 | $0.00 | $25.00 | $18.39 |
| 6.00 | $25.00 | $0.00 | $25.00 | $17.88 |
| 6.50 | $25.00 | $0.00 | $25.00 | $17.39 |
| 7.00 | $25.00 | $0.00 | $25.00 | $16.91 |
| 7.50 | $25.00 | $0.00 | $25.00 | $16.45 |
| 8.00 | $25.00 | $0.00 | $25.00 | $15.99 |
| 8.50 | $25.00 | $0.00 | $25.00 | $15.55 |
| 9.00 | $25.00 | $0.00 | $25.00 | $15.13 |
| 9.50 | $25.00 | $0.00 | $25.00 | $14.71 |
| 10.00 | $25.00 | $1,000.00 | $1,025.00 | $586.48 |
How it works›
Price, cash flows and yield. Numerically solves price = sum of each coupon and redemption payment discounted at the periodic yield. Current yield is annual coupons divided by price. Macaulay duration weights payment times by present value; modified duration divides by one plus periodic yield. Assumes settlement on a coupon date, whole coupon periods, fixed coupons and full payment. Accrued interest, taxes, fees, default, amortization, odd periods and additional calls are excluded. A yield is not a guaranteed realized return or a credit-risk measure.FINRA: bond yield and return