Our yield to call (YTC) calculator measures the annual return an investor would receive if a particular bond is held until its first call date.
|Annual Coupon Rate:|
|Years to Call:|
|Coupon Payments per Year:|
|Current Bond Price:|
To calculate a bond's yield to call, enter the face value (also known as "par value"), the coupon rate, the number of years to the call date, the frequency of payments, the call premium (if any), and the current price of the bond.
Calculating Yield to Call Example
For example, you buy a bond with a $1,000 face value and 8% coupon for $900. The bond pays interest twice a year and is callable in 5 years at 103% of face value.
Enter: "1,000" as the face value, "8" as the annual coupon rate, "5" as the years to call, "2" as the coupon payments per year, "103" as the call premium, and "900" as the current bond price.
Calculate yield to call to measure a bond's return if you were to buy it today and hold it until the call date.
This yield to call calculator assumes that the bond is called at the earliest possible date.