Calculating bond coupon rate in Excel is an essential skill for financial analysts, investors, and anyone interested in fixed-income securities.
A bond coupon rate is the fixed percentage of the face value of a bond that is paid out to investors as interest. It is an important factor to consider when evaluating bonds because it directly affects the return on investment. Historically, the development of electronic spreadsheets like Excel has made calculating bond coupon rates and other complex financial calculations much easier and more accessible.