Fixed Coupon Bond Price
Discount fixed coupons and principal on coupon dates.
Your numbers
Theoretical clean price
Educational estimate using your assumptions; no live rates, tax rules or investment recommendations. Returns can be negative and are not guaranteed. Assumes settlement on a coupon date, no default, no call option and no accrued interest.
Scenario comparison
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Formula
P=ΣC/(1+y/m)ᵏ+F/(1+y/m)ᴺ
Discount fixed coupons and principal on coupon dates.
Worked example
- Face value
- 1000
- Annual coupon rate (%)
- 5
- Nominal annual yield (%)
- 5
- Whole years to maturity
- 5
- Coupon payments per year
- 2
- Theoretical clean price
- 1,000
- Price per 100 face value
- 100
Scope and limitations
Educational estimate using your assumptions; no live rates, tax rules or investment recommendations. Returns can be negative and are not guaranteed. Assumes settlement on a coupon date, no default, no call option and no accrued interest.
Inputs are checked for missing values and allowed ranges. A result outside the finite numeric range is not displayed. Rounding affects display, while the calculation uses the model’s numeric precision.
Check your units and assumptions before relying on a result. Changing a label does not convert a currency or physical unit.
Formula version: 96334ef8802d · Example checked: