Bond Price Calculator

Find what a bond is worth today by discounting its coupons and face value.

How to use

  1. Enter your values in the fields above.
  2. Press Calculate to see your result instantly.
  3. Use the Share button to copy a link to your result.

About this calculator

This calculator finds the fair price of a bond by discounting its future cash flows: the price equals the present value of each coupon payment plus the present value of the face value repaid at maturity, all discounted at the yield to maturity (YTM). When YTM is above the coupon rate the bond trades below par (a discount); when it's below the coupon rate the bond trades above par (a premium).

Bond traders, portfolio managers, and finance students use this to price fixed-income securities, check whether a bond is over- or under-valued relative to current market yields, and understand how bond prices move inversely to interest rates. Enter the face value, coupon rate, yield to maturity, term, and payment frequency to get the price.

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