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Bond Price Calculator
Result
Chart
Show formula & working
Price = Σk=1..N C ÷ (1 + y)k + F ÷ (1 + y)N, with C = F × coupon ÷ f, y = YTM ÷ f, N = years × f
Details
How this works
A bond's price is the present value of its remaining coupons and face value at the market yield.
When the market yield is above the coupon, the bond trades at a discount; below it, at a premium.
Frequently asked questions
Why do bond prices fall when yields rise?
Future coupons are fixed, so a higher discount rate makes them worth less today.
What about prices between coupon dates?
Add accrued interest — the Accrued Interest calculator does that.