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Bond Yield to Maturity using the Yield function in Excel

  1. #1
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    Bond Yield to Maturity using the Yield function in Excel

    Hi all,
    The yield function in excel does not give the right value if I play around with the redemption value(% of par). I have checked this with other available online bond yield calculators such as
    http://www.moneychimp.com/calculator...e=calc_bondytm

    If I change the redemption value to 50 and the bond price to $50, ideally the coupon rate and the yield should be equal for any time period. While this happens in the calculator mentioned above, Excel gives me a different number. Is this actually a bug or am I missing the point?

    Test this in Excel...

    =YIELD("6/30/2009","6/30/2022",0.0958,50,50,2,0)

    Also test different redemption and price values and compare them with the calculator above.

  2. #2
    Forum Guru DonkeyOte's Avatar
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    Re: Bond Yield to Maturity using the Yield function in Excel

    This is a duplicate post and as such does not comply with Rule 5 of our forum rules. This thread will now be closed, you may continue in your other thread.

    Thread Closed.

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