Bond YTM Calculator

What it does

Quickly estimate a bond’s yield to maturity (YTM) from price, coupon, and maturity. Great for checking if a bond fits your income and risk target.

Inputs

• Face Value (Par): e.g., ₦100,000

• Coupon Rate: annual rate (e.g., 12%)

• Coupon Frequency: annual / semi-annual / quarterly

• Price (Dirty): includes accrued interest

• Settlement Date: when you buy

• Maturity Date: when principal is repaid

Outputs

• YTM (annualized): total return if held to maturity

• Current Yield: coupon ÷ price

• Accrued Interest and Clean Price (Price − Accrued)

Notes

• Dirty vs Clean: Brokers often quote clean; you pay dirty (clean + accrued).

• YTM vs Current Yield: YTM includes coupons and price gain/loss to par; current yield is coupon-only.

Coming soon
Interactive calculator with instant results and export.

Related learning

• Bond (Definition) → /glossary/bond/

• Yield to Maturity → /glossary/yield-to-maturity/

• Duration → /glossary/duration/