Yield to Call Calculator – Investment Tools – Multi-Tools

Yield to Call Calculator

Calculate and analyze yield to call (YTC) for callable bonds. Compare potential returns between early call scenarios and holding to maturity to make informed investment decisions.

Bond Details

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Formula Reference
Yield to Call (YTC)

The YTC is the internal rate of return (IRR) that equates:

Market Price = Σ(Coupon Payments) + Call Price

Variables:
  • P = Market price
  • C = Annual coupon payment
  • n = Number of periods to call
  • CP = Call price
  • r = Yield to call (solved for)
How to Use
  1. Enter bond par value and market price
  2. Input coupon rate and call price
  3. Specify time to call and payment frequency
  4. Click “Calculate” to analyze yields
  5. Review cash flows and recommendations

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