Bond YTM Calculator
Approximate yield to maturity (YTM)
How to Use This Calculator
Enter face value, current price, coupon rate, and years to maturity. Click Calculate to see the approximate YTM.
Formula
YTM ≈ [C + (F − P)/n] / [(F + P)/2] × 100
C = annual coupon, F = face value, P = price, n = years
About Bond YTM
YTM is the annualized total return if the bond is held to maturity, accounting for coupon income and capital gain/loss.
Frequently Asked Questions
Is this the exact YTM?
This uses the standard approximation formula. Exact YTM requires solving for the discount rate numerically.