Bond Yield To Maturity(BYTM) Calculator
Calculating bond yield to maturity based on time duration, coupon and current bond price.
Bond Yield to Maturity (BYTM)
Yield to maturity (YTM) is the total return anticipated on a bond if the bond is held until it matures..
Estimated Yield to Maturity Formula :
( (Annual Interest Payment) + ( (Face Value - Current Price) / (Years to Maturity) ) ) / ( ( Face Value + Current Price ) / 2 )
Exact Yield to Maturity Formula :
Price = Coupon Payment / ( 1 + rate) ^ 1 + Coupon Payment / ( 1 + rate) ^ 2 ... + Final Coupon Payment + Face Value / ( 1 + rate) ^ n
Yield to Maturity of Zero Coupon Bonds Formula :
Price = (Present Value / Face Value) ^ (1/n) - 1