Price of fixed-coupon bond
Discount fixed coupons and principal for di coupon payment dates.
Your numbers
Theoretical price without accrued interest
Estimate for learning with your assumptions; no live rates, tax rules or investment recommendations. Returns fit dey negative and no get guarantee. E assume settlement on coupon date, no default, no call option and no accrued interest.
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Formula
P=ΣC/(1+y/m)ᵏ+F/(1+y/m)ᴺ
Discount fixed coupons and principal for di coupon payment dates.
Example wey show the calculation
- Di face value
- 1000
- Yearly coupon rate (%)
- 5
- Nominal yearly yield (%)
- 5
- Full years before maturity
- 5
- Coupon payments for each year
- 2
- Theoretical price without accrued interest
- 1,000
- Price for each 100 face value
- 100
Where e fit work and limits
Estimate for learning with your assumptions; no live rates, tax rules or investment recommendations. Returns fit dey negative and no get guarantee. E assume settlement on coupon date, no default, no call option and no accrued interest.
We check inputs for missing values and allowed ranges. Result wey pass the finite numeric range no go show. Rounding affect wetin display, while calculation use the model numeric precision.
Check your units and assumptions before you rely on result. Changing label no convert currency or physical unit.
Version of di formula: 96334ef8802d · Example don get check: