Calculator

Bond Valuation Calculator

See what a bond is worth today, given its coupon, maturity, and the current market yield.

← Read the Bond Valuation concept page

Face value

Annual coupon rate

Years to maturity

yrs

Market yield

Bond price

$859.53

trades at a discount (86.0% of face value)

Annual coupon payment

$50.00

Total coupons over the term

$500.00

How the math works

PV of coupons:    $351.18
PV of face value: $508.35
Price:            $859.53

The market yield (7%) is above the coupon rate (5%), so this bond's fixed payments are less attractive than what's newly available — its price falls below face value to compensate.