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Kako izračunati Bond Yield

Kaj je Bond Yield?

Yield to maturity (YTM) is discount rate equating bond price to present value of all future cash flows: the investor's return if held to maturity.

Navodila po korakih

  1. 1Input bond price, coupon, par, maturity
  2. 2Solve discount rate equation iteratively
  3. 3Results show YTM percentage

Worked Examples

Vnos
Bond trading $95 (par $100), 5% coupon, 10 years to maturity
Rezultat
YTM ≈ 5.42% (higher than coupon due to discount)
Requires iteration

Common Mistakes to Avoid

  • Confusing YTM with current yield
  • Assuming YTM static (changes with market prices)

Frequently Asked Questions

Is YTM guaranteed?

No, assumes hold to maturity and reinvest coupons at YTM rate.

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