Finance Calculators

Bond Price Calculator

Calculate a bond's fair price today from its face value, coupon rate, market yield and time to maturity.

Face value

Annual coupon rate

Market yield (required return)

Years to maturity

Coupon payments per year

Bond price —

About the Bond Price Calculator

A bond's price is the present value of all its future coupon payments plus its face value at maturity, discounted at the market's required yield.

Formula: Price = C × [1 − (1+r)⁻ⁿ] ÷ r + F ÷ (1+r)ⁿ, where C is the coupon per period, r is the market yield per period, F is face value, and n is total periods.

When the market yield exceeds the coupon rate, the bond trades below face value (a discount); when the yield is below the coupon rate, it trades above face value (a premium).