Bond Current Yield (BCY) Calculator

Calculate the annual coupon and coupon per period for a bond given its face value, coupon rate, and frequency.

Annual Coupon Formula

$15000 * ( 19% / 100.0 ) = $2850.0.John invests $15,000 in a bond with an annual coupon rate of 19%. After calculating, he finds that his annual coupon payment will be $2,850. This result means John will receive $2,850 every year from the bond, which is essentially the interest paid to him as an investor.

Coupon Per Period Formula

$18100 / 1 = 18100.0.John pays $18100 per period, which he receives from his annual dividend payment of $181000 at a frequency of 1. The result is John's sustainable growth rate of 0.0%.

Meaning

The Bond Current Yield (BCY) is the rate of return an investor can expect to earn from their investment in a bond, based on its current market price. It represents the return an investor would get if they were to sell the bond today and immediately use that money to buy a new bond with the same face value and maturity date, but at today's prices.