Calculate YTM, current yield, duration, and total return for fixed-income securities
Usually $1,000 for corporate bonds
Interest rate on face value
Current market price
Most bonds pay semi-annually
Current Yield shows annual income as a percentage of price (excludes capital gains). Yield to Maturity (YTM) is the total return if held until maturity, accounting for coupons and price appreciation/depreciation. Duration measures price sensitivity to interest rate changes - longer duration means higher risk. Bond prices and yields move inversely: when interest rates rise, existing bond prices fall (and vice versa). Premium bonds (price > par) have lower YTM than coupon rate; discount bonds (price < par) have higher YTM.