Bond Calculator
Calculate bond prices, yields, and pricing with dirty/clean price analysis
Bond Calculator
Please enter any four values into the fields below to calculate the remaining value of a bond. This calculator is for bonds issued/traded at the coupon date.
Enter four values to calculate the fifth
%
years
%
Understanding Bond Calculations
Bonds are debt securities that pay periodic interest and return the principal at maturity. Understanding bond pricing and yields is essential for fixed-income investing.
Key Bond Concepts:
- • Face Value: The principal amount repaid at maturity
- • Coupon Rate: Annual interest rate paid on the face value
- • Yield to Maturity: Total return if held to maturity
- • Dirty Price: Full price including accrued interest
- • Clean Price: Price excluding accrued interest
- • Accrued Interest: Interest earned since last coupon payment
Day Count Conventions: Different methods for calculating interest periods affect pricing accuracy.
Investment Strategy: Consider yield, credit quality, and duration when building a bond portfolio.