Coupon Payment Calculator

Your details

The principal amount of the bond, also called par value or nominal value. This is repaid to the bondholder at maturity.
The fixed interest rate stated on the bond, expressed as a percentage of the face value per year.
%
How often coupon payments are made. Most bonds pay semiannually, though government and corporate bond structures vary.
The number of years until the bond matures and the face value is repaid. Used to calculate total lifetime coupon income.
years
The price the bond is currently trading at in the secondary market. Leave blank or set to zero to skip current yield calculation.
Currency
Coupon Payment per Period
$25.00

Interest received at each payment date

Annual Coupon Income$50.00
Total Lifetime Coupon Income$500.00
Number of Payments20
Current Yield5.26%
Bond StatusDiscount (-5.00% below par)
Coupon per Period$25.00
Annual Income$50.00

Your periodic coupon is $25.00 (5% annual rate, paid semiannually).

  • You receive $25.00 every payment, paid semiannually, for a stated coupon rate of 5%.
  • Because the market price ($950.00) is below par, the current yield (5.26%) is higher than the stated rate. Buyers at this price earn more than the coupon rate on their investment.
  • Over its full term, this bond pays out $500.00 in coupon income before returning the $1,000.00 face value.

Next stepCurrent yield only accounts for coupon income. For a complete picture of return, calculate the Yield to Maturity (YTM), which also factors in the gain or loss from buying below or above par.

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