Do I need a financial calculator find YTM?

Assume 4 year coupon paying bond with face value of 1000 and annual coupon payments of 50.

Can I get the IRR by using a standard calculator?

 

Well, it depends what you mean by a "standard calculator", for example it is pretty easy to calculate YTM with a TI-83. You are missing a variable though, you would also need to know the price of the bond in order to calculate YTM, assuming that you aren't buying at par.

 

The short answer is "no".

If you have access to Excel, though, you're all set.

 

Yes:

(Annual Coupon +/- the Annual Accretion or Ammortization)

divided by the

(average of (purchase price + par))