Coupon Rate Calculator
Divide a bond's annual coupon payment by its face value to find the coupon rate, the fixed interest rate the bond promises.
- Free
- No sign-up
Enter the annual coupon and face value to see the rate.
Worked example
With these example inputs:
- Annual coupon$50
- Face value$1,000
Coupon rate: 5.0%
- Paid every six months$25.00
- Paid quarterly$12.50
- Per 10,000 of face value$500.00
Frequently asked questions
What is the coupon rate?
It is the annual coupon expressed as a percentage of face value. It is set when the bond is issued and does not change over the bond's life.
Is the coupon rate the same as yield?
Only when the bond trades at face value. Once the price moves away from par, the yield differs from the fixed coupon rate.