Do I need a financial calculator find YTM?

[union1411]

Assume 4 year coupon paying bond with face value of 1000 and annual coupon payments of 50.

Can I get the IRR by using a standard calculator?

 

[Chagi]

Quote from union1411:

Assume 4 year coupon paying bond with face value of 1000 and annual coupon payments of 50.

Can I get the IRR by using a standard calculator?

Well, it depends what you mean by a "standard calculator", for example it is pretty easy to calculate YTM with a TI-83. You are missing a variable though, you would also need to know the price of the bond in order to calculate YTM, assuming that you aren't buying at par.

 

[Rhody Trader]

The short answer is "no".

If you have access to Excel, though, you're all set.

 

[Enfinity]

Yes:

(Annual Coupon +/- the Annual Accretion or Ammortization)

divided by the

(average of (purchase price + par))