ARE YOU UP OR ARE YOU DOWN? In the world of bonds, that's not always an easy question to answer. Since computing prices and yields can be tricky, we've provided this simple calculator to do it for you.
Begin by entering the bond's coupon rate and maturity. If you then enter a price, the calculator will display the bond's yield to maturity; if you enter a yield, the calculator will show you the corresponding price.
You can also use the sliders to see the effects of price and yield changes. (This is your chance to watch prices and yields literally move in opposite directions.)
Note that prices are written in the standard bond format, where 100 means face value, 90 means 90% of face value, and so on.
