How Do You Calculate The Market Value Of Fixed-Income Securities?
Although the industry is making technological advances, it is still much harder to find the market value of fixed-income securities than it is for stocks and mutual funds. Unlike stocks, most fixed-income securities–usually bonds–are not traded on a public exchange, and unlike mutual funds, most bonds are not issued by investment management companies who can quote daily prices for you. However, there are some ways to get at least a close approximation of what your fixed-income securities are worth. Look for a symbol. Although most bonds do not trade on an exchange, some do. Odd as it sounds, some bonds even trade on the New York Stock Exchange (NYSE). For example, many General Electric bonds have symbols and trade on the NYSE. If you own the bond, look on your account statement and see if the symbol is listed; if not, you can usually find it by searching on the NYSE Bonds website. Once you find the symbol, type it in on any quote machine, either in a brokerage office or online, and t
