Enter the values in the **Coupon Payment Calculator**:

Bond Face Value:
Annual Coupon Rate (%):
Annually

Semiannually

Quarterly

Monthly

Semiannually

Quarterly

Monthly

## Using the Coupon Payment Calculator

Suppose that you want to calculate the coupon payment given the following information:

- Bond face value is 1000
- Annual coupon rate is 6%
- Payments are semiannual

Enter the values in the **Coupon Payment Calculator**:

Click on the "**Calculate Coupon Payment**" and you'll get the coupon payment of **30**:

## Manually Derive the Coupon Payment

The formula to derive the coupon payment:

FV * C * 0.01

Coupon Payment = m

Where:

**FV**= Bond face value**C**= Annual coupon rate**m**= Number of payments per year

For our example:

**FV**= 1000**C**= 6**m**= 2

The coupon payment is therefore **30**:

FV * C * 0.01 1000 * 6 * 0.01

Coupon Payment = m = 2 = 30

You may check the Bond Price Calculator to calculate the price of a bond.