Calculadora de Rendimiento de Bonos — Fórmula

## Bond Yield Formulas

**Current Yield = Annual Coupon / Market Price × 100%**

**Approx. YTM = (Coupon + (Face - Price)/n) / ((Face + Price)/2) × 100%**

The YTM approximation gives a reasonable estimate without iterative calculation.

Ejemplo Resuelto

$1,000 bond with 5% coupon trading at $950, maturing in 10 years.

  1. Annual coupon = $1,000 × 5% = $50
  2. Current yield = $50 / $950 = 5.26%
  3. Approx. YTM = ($50 + ($50/10)) / (($1,000 + $950)/2) = $55 / $975 = 5.64%