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Calculator Preferences
Bond Value Calculator Sign
Bond Value Calculator

This investing calculator will calculate the expected trading price of a bond given the par value, coupon rate, market rate, and years-to-maturity, and show its work. The Learn tab includes brief answers to:

  • How to calculate the value of a bond.
  • Why do bond prices change?
  • Why do bond prices and interest rates move in opposite directions?
Learn More

Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Par value:Par value:Par value:Par value:

Par value:

Enter the par value of the bond (only numeric characters 0-9 and a decimal point, no dollar sign or commas). Par value is also referred to as the face value.

Coup rate:Coupon rate:Coupon rate:Coupon rate:

Coupon rate:

Enter the coupon rate of the bond (only numeric characters 0-9 and a decimal point, no percent sign). The coupon rate is the annual interest the bond pays. If a bond with a par value of $1,000 is paying you $80 per year, then the coupon rate would be 8% (80 ÷ 1000 = .08, or 8%).

Compound:Compounding:Rate compounding interval:Coupon rate compounding interval:

Coupon rate compounding interval

Select the compounding frequency of the coupon rate. Typically, the shorter the compounding interval, the more interest you will earn with all other factors remaining the same. While the effects of compounding are fairly insignificant for small investments, the effects can be very significant when investing a large sum of money.

Mkt rate:Market rate:Current market rate:Current market rate of similar bonds:

Current market rate of similar bonds:

Enter the current market rate that a similar bond is selling for (only numeric characters 0-9 and a decimal point, no percent sign). If the current market rate is below the coupon rate, then the bond should be trading at a premium (price greater than the par value). Conversely, if the current market rate is above the coupon rate, then the bond should be selling at a discount (price less than par value).

Yrs to mat:Yrs to maturity:Years to maturity:Years to maturity:

Years to maturity:

Enter the number of years remaining before the bond reaches its maturity date (whole numbers only). The maturity of a bond is the year the par or face value of the bond is returned to the bond holder.

Bond value:Bond value:Bond value:Bond value:

Bond value:

Given the face value, coupon rate, coupon compounding interval, years to maturity, and the current market rate, this is the price your bond would be trading at. In other words, this should be the price a buyer would be willing to pay to purchase your bond.

If you would like to save the current entries to the secure database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

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Help and Tools

Help and Tools:

This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):

About: Click this tab for an introduction to the calculator.

Instructions: Click this tab for step-by-step instructions for using the calculator.

Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).

PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.

Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.

 

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