// multi-utility computation suite · offline · instant · precise
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finance.business-yield-to-call Calculator
Calculates yield to call (YTC) and yield to worst (YTW) for a callable business finance fixed income investment. Yield to worst is the minimum of YTM and all YTCs — it's the appropriate return measure for callable bonds because issuers call when it hurts investors most.
Inputs
Face
The nominal value printed on the bond — what the issuer repays at maturity. Bonds trade above (premium) or below (discount) face value depending on interest rates.
Coupon
Reference formula or conversion factor shown for context.
Call Price
Reference formula or conversion factor shown for context.
Market Price
Current trading price. For bonds, rises when interest rates fall and drops when rates rise.
Years To Call
Reference formula or conversion factor shown for context.
Results
yield to call
Reference formula or conversion factor shown for context.
annual coupon
The result expressed on a per-year basis.
call premium
The price paid for the option or insurance coverage. Option premium = intrinsic value + time value + volatility premium.
years to call
Reference formula or conversion factor shown for context.