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Bond Yield to Maturity Calculator

Approximate YTM from price, coupon, and face value.

Approximate the yield to maturity (YTM) of a fixed-coupon bond using the closed-form approximation: YTM ≈ (C + (F − P)/n) / ((F + P)/2).

Nadia Almasri By Nadia Almasri
Published Last reviewed 1 min read

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Results

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How to use this calculator

  1. Fill in the inputs above using the units you already have.
  2. Values update automatically as you type — no submit button needed.
  3. Hover any result row for the underlying formula and intermediate values.

Formula

YTM ≈ (C + (F − P) / n) / ((F + P) / 2), where C is the annual coupon $, F the face value, P the price, and n the years to maturity.

In depth

Approximate the yield to maturity (YTM) of a fixed-coupon bond using the closed-form approximation: YTM ≈ (C + (F − P)/n) / ((F + P)/2).