Bond Yield Calculator

Bond Type

Face Value ($)

Coupon Rate (%)

Current Market Price ($)

Years to Maturity

Payment Frequency

Tax Rate (%) optional

Yield to Maturity (YTM)

4.501%

Trading at a discount (below par)

Current Yield

4.337%

Annual Income

$42.50

Modified Duration

8.05 yrs

Price per 1% Rate Δ

$78.86

Total Return Breakdown

Total Coupon Income

$425.00

$21.25 × 20 payments

Capital Gain

$20.00

$1,000.00 - $980.00

Total Return

$445.00

45.4% on investment

Interest Rate Sensitivity

-2% rates

$1,137.72

+$157.72

-1% rates

$1,058.86

+$78.86

0% rates

$980.00

Current

+1% rates

$901.14

-$78.86

+2% rates

$822.28

-$157.72

Payment Schedule (20 payments)

#	Coupon	Principal	Total
1	$21.25	—	$21.25
2	$21.25	—	$21.25
3	$21.25	—	$21.25
4	$21.25	—	$21.25
5	$21.25	—	$21.25
6	$21.25	—	$21.25
7	$21.25	—	$21.25
8	$21.25	—	$21.25
9	$21.25	—	$21.25
10	$21.25	—	$21.25
11	$21.25	—	$21.25
12	$21.25	—	$21.25
13	$21.25	—	$21.25
14	$21.25	—	$21.25
15	$21.25	—	$21.25
16	$21.25	—	$21.25
17	$21.25	—	$21.25
18	$21.25	—	$21.25
19	$21.25	—	$21.25
20	$21.25	$1,000.00	$1,021.25

Bond Yield Formulas

Current Yield = Annual Coupon / Market Price

YTM: Price = Σ [C/(1+y)ᵗ] + FV/(1+y)ⁿ

Modified Duration = Macaulay Duration / (1 + y/freq)

Disclaimer: This calculator provides estimates for educational purposes. Bond prices are affected by credit risk, liquidity, and other factors not captured here. This is not investment advice.