Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail
Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail

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.

Calculate yield to call to measure a bond’s return if you were to buy it today and hold it until the call date.

Face Value:
Annual Coupon Rate:
Years to Call:
Coupon Payments per Year:
Call Premium(%):
Current Bond Price:
 
= Yield to Call (YTC)

 

This yield to call calculator assumes that the bond is called at the earliest possible date. If the bond you’re analyzing is not callable, use our Yield to Maturity calculator to determine the bond’s value.