### Formula

P0

bond price

Cy

current yield

C

coupon payment

P0

bond price

Cy

current yield

C

coupon payment

Bond valuation is the determination of the fair price of a bond. As with any security or capital investment, the theoretical fair value of a bond is the present value of the stream of cash flows it is expected to generate.

Cy

C

P0

Precision

- C
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