


Bond Calculator: Introduction
The Bond Calculator can be used to Price Bonds and to determine the
YieldtoMaturity and YieldtoCall on Bonds. It works similarly to the Time Value Of Money functions of the Texas Instruments BA II Plus calculator.
 Bond Price Field  The Price of the bond is displayed or
entered in this field.
 Coupon Field  The Coupon Payment is displayed or
entered in this field. For a Semiannual Coupon Bond the amount displayed or entered is the semiannual Coupon Payment.
 Face Value Field  The Face Value or Principal of the bond is displayed or entered in this field.
 Yield Field  The Bond Yield is
displayed or entered in this field.
 Periods Field  The number of Periods remaining until maturity is displayed or entered in this field. For a Semiannual Coupon Bond, this represents the number of six month periods remaining until maturity, i.e., the number of years remaining times two.
 Compounding Field  The value selected in this popup represents the compounding frequency for the Bond Yield and the frequency of the Coupon Payments, i.e., whether the bond is a Semiannual or Annual Coupon Bond.
 Buttons  Press these buttons to calculate the
corresponding value.
 Price Button  Press to calculate the Bond Price.
 Coupon Button  Press to calculate the Coupon Payment.
 Face Value Button  Press to calculate the Face Value.
 Yield Button  Press to calculate the Bond Yield.
 Periods Button  Press to calculate the Number of Periods remaining until Maturity.
Now you are ready to use the Bond Calculator.
© 2002  2010 by Mark A. Lane, Ph.D.
