Yield to Call
Measures the annualized yield assuming a callable bond is redeemed on a specified call date.
Formula
Variables: P price; C coupon; K call price; y yield; n periods to call
What it means
Measures the annualized yield assuming a callable bond is redeemed on a specified call date.
Example
Use the call price and call date instead of final maturity when solving the bond cash-flow equation.
How to interpret it
This concept should be read together with its market convention, measurement horizon and underlying instrument. BondStats presents it as an analytical reference rather than investment advice; instrument documentation and primary market rules remain authoritative.
Related Formulas
BondStats reference content is independently written. Mathematical relationships, abbreviations and market conventions are presented for educational and analytical use.