Find out the best practices for most financial modeling to price a bond, calculate coupon payments, and calculate a bond's yield to maturity in Microsoft Excel.

Find out how to calculate the yield to maturity of a zero-coupon bond, and learn why this calculation is simpler than one with a bond that has a coupon.

How to calculate interest expense under three scenarios: bonds sold at a discount, at premium, and at face value.

Yield to maturity (YTM) is the annual expected return of a bond if held until maturity, also referred to as book yield.

Yield to Maturity is the estimated rate of return that an investor can expect from a bond. The value assumes that you hold the bond until maturity.

If a bond is "callable," it means that the issuer has the right to buy the bond back at a predetermined date before its full maturity date.