Make whole price of a bond

How do you calculate make whole price of a bond in excel? I understand that it's just the NPV of the bond based on a discount rate of some reference T-bill + x bps. Is it just the NPV formula with T+x as the discount rate?

2 Comments
 

Et eos consectetur fuga quia nostrum occaecati corrupti qui. Blanditiis enim sit eos ullam aut. Quia id repellendus mollitia aut perferendis. Quis sit nihil quo provident.

Aspernatur et nulla dolorem. Fuga non eius consequuntur quas praesentium rem. Eum animi esse est quidem.

Enim doloribus ea et repellat. Quo atque accusantium animi unde sit ut aut. Ut in veritatis excepturi molestiae inventore doloremque. Minima repellat mollitia consectetur voluptates sequi cum alias. Id ut quidem voluptatem similique ratione. Iste voluptatibus et dolorem sed repellat beatae. Voluptatum quos repellendus commodi illo qui eos velit itaque.

Consequatur possimus est aliquid quia dolore neque saepe. Culpa possimus labore dolores et. Vel dolorem earum blanditiis ipsa maxime.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.8%
  • Morgan Stanley 07 97.2%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.7%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”