YTC Calculator: How to Find Yield to Call

With our yield to call calculator, you can quickly determine the annual return an investor would receive if a particular bond is held until its first call date.

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

 

How to Find Yield to Call

To calculate a bond's yield to call, you'll need to know the:

Calculating Yield to Call Example

For example, you buy a bond with a $1,000 face value and an 8% coupon for $900. The bond pays interest twice a year and is callable in 5 years at 103% of face value. 

Using our YTC calculator, 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.

Click the CALCULATE button to find "yield to call." This number tells you the bond's return if you were to buy it today and hold it until the call date.

Note: 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, you should use the Yield to Maturity (YTM) Calculator.

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