For more than one coupon period to redemption

RDV

PRC =   

YLD/100

(N 1+B/D )

(1+

)  

 M

CPN

N

M

A

CPN

+

k

=1

YLD/100

 (k 1+B/D )

D

M

(1+

)

M

A

CPN

INT  =   

D

M

CST  = PRC + INT

Term (Using the Setup Screen: Bond Date)

CPN

RDV

n

M

PRC =   

YLD/100

n

k

=1

YLD/100

 k

(1+

)  

(1+

)

 M

 M

INT  = 0 

CST  = PRC 

u Annual Yield (YLD)

YLD is calculated using Newton's Method.

Note

  This calculator performs annual yield (YLD) calculations

using Newton's Method, which produces approximate

values whose precision can be affected by various

calculation conditions. Because of this, annual yield

calculation results produced by this calculator should be

used keeping the above limitation in mind, or the results

should be verified.

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