If you are considering purchasing a coupon bond from a brokerage or a bank but the return is not stated as an annual or monthly rate, you can use this calculator to easily find out the equivalent annual or monthly interest rate. The calculation assumes that coupon payments are not withdrawn but reinvested to purchase additional bonds in order to maximize returns.
To perform the calculation, simply enter the bond’s maturity date, purchase price, periodic coupon rate, and coupon period (in months).
The calculator supports both Turkish and English languages.