📖How to Use the Bond Calculator
1Enter Bond Details
Input the face value (par value), annual coupon rate, years to maturity, and the current market interest rate (required yield).
2Select Coupon Frequency
Choose how often the bond pays interest: annually, semi-annually, or quarterly.
3Interpret Results
If the market rate exceeds the coupon rate, the bond trades at a discount (below par). Modified duration tells you the approximate % price change for a 1% change in yield.