Yield to Call (YTC) Calculator
Our yield to call (YTC) calculator measures the annual return an investor would receive if a particular bond is held until its first call date.
To calculate a bond’s yield to call, enter the face value (also known as "par value"), the coupon rate, the number of years to the call date, the frequency of payments, the call premium (if any) and the current price of the bond.
For example, if you can buy a bond with a $1,000 face value and 8% coupon for $900, and the bond pays interest twice a year and is callable in 5 years at 103% of face value, enter "1,000" as the Face Value, "8" as the Annual Coupon Rate, "5" as the Years to Call, "2" as the Coupon Payments per Year, "103" as the Call Premium and "900" as the Current Bond Price.
| Face Value: | ||
| Annual Coupon Rate: | ||
| Years to Call: | ||
| Coupon Payments per Year: | ||
| Call Premium(%): | ||
| Current Bond Price: | ||
What it Means...
If you buy this bond today, you will earn 11.13% per year if the bond is called on the call date. It’s important to note that if the bond you’re analyzing is not callable, you should use the Yield to Maturity (YTM) Calculator.
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