💰 Bond Price Calculator
Compute the current market price of a bond from face value, coupon rate, YTM and time to maturity.
⚙️ Bond Parameters
💡 Bond Pricing Basics
A bond's price is the present value of all future cash flows (coupons + principal) discounted at the YTM. When YTM > coupon rate, the bond trades at a discount. When YTM < coupon rate, at a premium. When equal, at par.
❓ FAQ
What's the relationship between bond prices and interest rates?
Bond prices and market interest rates move inversely. When rates rise, existing bond prices fall, and vice versa.
Why do discount bonds have YTM > coupon?
Because in addition to coupon income, you buy below face value and get repaid at par at maturity—the price gain boosts your total return.