Value a plain fixed-coupon bond on a coupon date from face value, coupon, remaining term and nominal annual yield.
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0.000001 – 1000000000000
0 – 1000
0.000001 – 100
0 – 1000
Bond value on a coupon date
925.6126 currency units
Plain fixed-coupon bond valued exactly on a coupon date. No accrued interest, day-count convention, call option, default risk or trading fees are modelled.
Discount every coupon and the maturity principal at yield divided by payments per year.
Price = Σ coupon/(1 + y/m)^t + face/(1 + y/m)^n.
Price equals discounted coupons plus discounted face value, using yield divided by coupon frequency as the periodic rate.
A 1,000 face-value bond with a 5% coupon and 5% yield is worth 1,000 on a coupon date, regardless of remaining whole coupon periods.
No. Valuation is on a coupon date. Accrued interest, settlement conventions, irregular coupons and embedded options require additional calculations.
Last updated . Results are estimates for informational purposes only.