{"id":844,"date":"2026-10-03T15:47:21","date_gmt":"2026-10-03T14:47:21","guid":{"rendered":"https:\/\/wpcalc.com\/tr\/vadeye-kadar-getiri\/"},"modified":"2026-10-03T15:47:21","modified_gmt":"2026-10-03T14:47:21","slug":"vadeye-kadar-getiri","status":"publish","type":"post","link":"https:\/\/wpcalc.com\/tr\/finans\/vadeye-kadar-getiri\/","title":{"rendered":"Vadeye Kadar Getiri (VKG) Hesaplama Arac\u0131"},"content":{"rendered":"<section class=\"not-prose calculator-box\" aria-labelledby=\"calculator-title\"><div class=\"flex items-baseline sm:items-center justify-between gap-2 sm:gap-3\"><div class=\"flex flex-col sm:flex-row sm:items-center gap-2\"><span class=\"icon icon-calculator text-primary-700! text-base! dark:text-primary-300!\" aria-hidden=\"true\"><\/span><h2 id=\"calculator-title\" class=\"text-lg font-display font-bold\">Tahvilinizin Vadeye Kadar Getirisini (VKG) Hesaplay\u0131n<\/h2><\/div><div class=\"calcdash-favorite group\">\n  <button type=\"button\" class=\"favorite\" id=\"favorite\" data-favorite-id=\"844\" data-favorite-title=\"Vadeye Kadar Getiri (VKG)\" data-favorite-url=\"https:\/\/wpcalc.com\/tr\/finans\/vadeye-kadar-getiri\/\" data-favorite-excerpt=\"Bir tahvilin g\u00fcncel fiyat\u0131, y\u0131ll\u0131k kupon \u00f6demesi, nominal de\u011feri ve kalan vade y\u0131l\u0131ndan Vadeye Kadar Getirisini (VKG) hesaplay\u0131n. VKG, tahvili vadesine kadar elde tutarak kazanaca\u011f\u0131n\u0131z toplam y\u0131ll\u0131kland\u0131r\u0131lm\u0131\u015f getiridir.\" aria-label=\"Favorilere ekle\" data-favorite-icon=\"icon icon-rate-up\">\n    <span class=\"icon icon-shape-star-empty\" aria-hidden=\"true\"><\/span>\n  <\/button>\n  <div class=\"calcdash-favorite__tip\" aria-hidden=\"true\">\n   <span class=\"favorite-tooltip\" id=\"favorite-tooltip\"><\/span>\n  <\/div>\n  <span class=\"sr-only\" role=\"status\" id=\"favorite-status\"><\/span>\n<\/div><\/div><form action=\"https:\/\/wpcalc.com\/tr\/finans\/vadeye-kadar-getiri\/\" method=\"POST\" class=\"calculator\" id=\"calculator-844\" data-post=\"844\"><fieldset class=\"fieldset-input\"><legend class=\"sr-only\">Giri\u015f alanlar\u0131<\/legend><div class=\"field has-term\" id=\"input-1\"><label for=\"field-1\">Tahvilin G\u00fcncel Fiyat\u0131<\/label><div class=\"term\">P<\/div>  <div class=\"absolute bottom-0 left-16 top-8 w-2 h-0.5 bg-blue-500\"><\/div><input type=\"text\" name=\"tahvilin_gncel_fiyat\" id=\"field-1\" aria-describedby=\"calc-unit-1 calc-info-1\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" value=\"950\"\/><div class=\"unit\" id=\"calc-unit-1\">$<\/div><small id=\"calc-info-1\">Tahvilin g\u00fcncel fiyat\u0131n\u0131 girin<\/small><\/div><div class=\"field has-term\" id=\"input-2\"><label for=\"field-2\">Kupon \u00d6demesi (Y\u0131ll\u0131k)<\/label><div class=\"term\">C<\/div>  <div class=\"absolute bottom-0 left-16 top-8 w-2 h-0.5 bg-blue-500\"><\/div><input type=\"text\" name=\"kupon_demesi_yllk\" id=\"field-2\" aria-describedby=\"calc-unit-2 calc-info-2\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" value=\"50\"\/><div class=\"unit\" id=\"calc-unit-2\">$<\/div><small id=\"calc-info-2\">Y\u0131ll\u0131k kupon \u00f6demesini girin<\/small><\/div><div class=\"field has-term\" id=\"input-3\"><label for=\"field-3\">Tahvilin Nominal (\u0130tfa) De\u011feri<\/label><div class=\"term\">F<\/div>  <div class=\"absolute bottom-0 left-16 top-8 w-2 h-0.5 bg-blue-500\"><\/div><input type=\"text\" name=\"tahvilin_nominal_tfa_deeri\" id=\"field-3\" aria-describedby=\"calc-unit-3 calc-info-3\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"0\" value=\"1000\"\/><div class=\"unit\" id=\"calc-unit-3\">$<\/div><small id=\"calc-info-3\">Tahvilin nominal de\u011ferini girin (genellikle $1000)<\/small><\/div><div class=\"field has-term\" id=\"input-4\"><label for=\"field-4\">Vadeye Kalan Y\u0131l Say\u0131s\u0131<\/label><div class=\"term\">n<\/div>  <div class=\"absolute bottom-0 left-16 top-8 w-2 h-0.5 bg-blue-500\"><\/div><input type=\"text\" name=\"vadeye_kalan_yl_says\" id=\"field-4\" aria-describedby=\"calc-info-4\" data-number inputmode=\"decimal\" autocomplete=\"off\" spellcheck=\"false\" min=\"1\" value=\"10\"\/><small id=\"calc-info-4\">Vadeye kalan y\u0131l say\u0131s\u0131n\u0131 girin<\/small><\/div><\/fieldset><div class=\"buttons\"><button type=\"submit\" data-text=\"Yeniden hesapla\" id=\"calculate-button\" data-post=\"844\">Hesapla<\/button><button type=\"reset\">S\u0131f\u0131rla<\/button><\/div><div class=\"field is-checkbox hidden!\" id=\"field-auto-calc\"><input type=\"checkbox\" id=\"auto-calc\"><label for=\"auto-calc\">Otomatik hesapla<\/label><small>Etkinle\u015ftirilirse, herhangi bir de\u011feri de\u011fi\u015ftirdi\u011finizde sonu\u00e7 otomatik olarak g\u00fcncellenir.<\/small><\/div><div class=\"fieldset-result is-hidden\" aria-labelledby=\"result-title\" aria-live=\"polite\" role=\"region\"> <h3 class=\"result-title bg-gradient-to-r from-primary-50 to-gray-50 dark:from-primary-900 dark:to-gray-800\" id=\"result-title\"><span class=\"icon icon-s-pulse\" aria-hidden=\"true\"><\/span> Sonu\u00e7lar\u0131n\u0131z<\/h3><div class=\"result-box\"><div class=\"field-result\" id=\"output-1\"><span class=\"field-title\"><span>Vadeye Kadar Getiri (YTM)<\/span><\/span><span class=\"field-value\" id=\"result-1\" data-unit=\"%\"><\/span><button type=\"button\" class=\"copy-result\" data-tooltip=\"Sonucu kopyala\" aria-label=\"Sonucu kopyala\"><span class=\"copy-icon icon icon-document-copy\" aria-hidden=\"true\"><\/span><\/button><\/div><\/div><div class=\"result-actions\"><button type=\"button\" class=\"copy-link\"><svg viewBox=\"0 0 20 20\" fill=\"currentColor\" aria-hidden=\"true\"><path d=\"M12.232 4.232a2.5 2.5 0 0 1 3.536 3.536l-1.225 1.224a.75.75 0 0 0 1.061 1.06l1.224-1.224a4 4 0 0 0-5.656-5.656l-3 3a4 4 0 0 0 .225 5.865.75.75 0 0 0 .977-1.138 2.5 2.5 0 0 1-.142-3.667l3-3Z\"\/><path d=\"M11.603 7.963a.75.75 0 0 0-.977 1.138 2.5 2.5 0 0 1 .142 3.667l-3 3a2.5 2.5 0 0 1-3.536-3.536l1.225-1.224a.75.75 0 0 0-1.061-1.06l-1.224 1.224a4 4 0 1 0 5.656 5.656l3-3a4 4 0 0 0-.225-5.865Z\"\/><\/svg><span class=\"copy-link__text\">Bu hesaplaman\u0131n ba\u011flant\u0131s\u0131n\u0131 kopyala<\/span><\/button><span class=\"sr-only\" role=\"status\" id=\"copy-link-status\"><\/span><\/div><\/div><a href=\"#respond\" class=\"hidden transition-opacity duration-300 opacity-0 w-50 text-sm justify-center items-center gap-2 px-4 py-2 rounded bg-gray-200 text-gray-700 hover:bg-gray-300\" id=\"leave-comment\"><span class=\"icon icon-comments\" aria-hidden=\"true\"><\/span>Yorum b\u0131rak<\/a><\/form><\/section><section id=\"calc-reactions\" class=\"not-prose hidden my-12 bg-gradient-to-r from-primary-50 to-gray-50 border border-indigo-100 rounded-xl px-6 py-4 shadow-sm\" data-post=\"844\" aria-live=\"polite\" aria-labelledby=\"calc-reactions-title\"><p id=\"calc-reactions-title\" class=\"text-sm text-gray-500 text-center mb-2\">Bu sonu\u00e7 hakk\u0131nda ne d\u00fc\u015f\u00fcn\u00fcyorsunuz?<\/p><div role=\"group\" aria-labelledby=\"calc-reactions-title\" class=\"grid grid-cols-3 sm:flex sm:flex-row sm:justify-around gap-4 sm:items-center sm:flex-wrap\"><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"like\"><span class=\"reaction-count\" data-reaction-count=\"like\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\ude00 <\/span><span class=\"reaction-description font-medium\">Be\u011fendim <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"helpful\"><span class=\"reaction-count\" data-reaction-count=\"helpful\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\udca1 <\/span><span class=\"reaction-description font-medium\">Faydal\u0131 <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"confused\"><span class=\"reaction-count\" data-reaction-count=\"confused\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\ude15 <\/span><span class=\"reaction-description font-medium\">Kafam kar\u0131\u015ft\u0131 <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"disappointed\"><span class=\"reaction-count\" data-reaction-count=\"disappointed\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\ud83d\ude1e <\/span><span class=\"reaction-description font-medium\">Hayal k\u0131r\u0131kl\u0131\u011f\u0131 <\/span><\/button><button type=\"button\" aria-pressed=\"false\" class=\"reaction-btn flex flex-col items-center gap-1 text-sm text-gray-700 hover:text-primary-600 cursor-pointer transition-transform hover:scale-105\" data-reaction=\"inaccurate\"><span class=\"reaction-count\" data-reaction-count=\"inaccurate\">0<\/span><span class=\"reaction text-3xl\" aria-hidden=\"true\">\u274c <\/span><span class=\"reaction-description font-medium\">Hatal\u0131 <\/span><\/button><\/div><div id=\"reaction-message\" class=\"hidden mt-8 rounded-md border border-primary-100 bg-white\/50 backdrop-blur-sm px-4 py-2 text-sm text-center shadow-sm\"><\/div><\/section><div class=\"calcdash-ad not-prose calcdash-ad--calc_result calcdash-ad--in-article\"><ins class=\"adsbygoogle\" style=\"display:block\" data-ad-client=\"ca-pub-1721569815777345\" data-ad-slot=\"6317458308\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\"><\/ins><script>(adsbygoogle = window.adsbygoogle || []).push({});<\/script><\/div>\n<style id=\"wpcoderpro-inline-1\">.formula-box {\r\n\tborder-bottom: none !important;\r\n}<\/style><section class=\"formula-box\" aria-labelledby=\"formula-title\">\r\n\t<div id=\"formula-title\" class=\"not-prose font-display mb-4\"><span class=\"icon icon-formula\" aria-hidden=\"true\"><\/span><h2>Vadeye Kadar Getiri (VKG) Form\u00fcl\u00fc<\/h2><\/div>\r\n\t<figure class=\"not-prose formula\">\r\n\t\t<figcaption class=\"formula-title\">Form\u00fcl<\/figcaption>\r\n\t\t<div class=\"text-base text-gray-800\" id=\"formula\">\n\\[ P = \\sum_{t=1}^{n} \\frac{C}{(1 + r)^t} + \\frac{F}{(1 + r)^n} \\]\n\\[ \\text{VKG} = r \\quad \\text{yukar\u0131daki denklem sa\u011fland\u0131\u011f\u0131nda} \\]\n<\/div>\r\n\t<\/figure>\r\n\t<\/p>\n<p><strong>Burada:<\/strong><\/p>\n<ul>\n<li>\\(P\\) \u2014 tahvilin g\u00fcncel piyasa fiyat\u0131 ($)<\/li>\n<li>\\(C\\) \u2014 y\u0131ll\u0131k kupon \u00f6demesi ($)<\/li>\n<li>\\(F\\) \u2014 tahvilin nominal (itfa) de\u011feri ($)<\/li>\n<li>\\(n\\) \u2014 vadesine kalan y\u0131l say\u0131s\u0131<\/li>\n<li>\\(r\\) \u2014 vadeye kadar getiri (ondal\u0131k olarak)<\/li>\n<\/ul>\n<p>Bu denklem, tahvilin fiyat\u0131n\u0131n t\u00fcm gelecek nakit ak\u0131\u015flar\u0131n\u0131n bug\u00fcnk\u00fc de\u011ferine e\u015fit oldu\u011funu belirtir: bug\u00fcne iskonto edilmi\u015f her kupon \u00f6demesi, art\u0131 vadede geri \u00f6denen nominal de\u011fer. \\(r\\) \u00fcslerde yer ald\u0131\u011f\u0131 i\u00e7in cebirsel olarak yaln\u0131z b\u0131rak\u0131lamaz \u2014 say\u0131sal yinelemeyle bulunur ve bu hesaplama arac\u0131n\u0131n yapt\u0131\u011f\u0131 da tam olarak budur.<\/p>\n<p>Elle h\u0131zl\u0131 bir tahmin i\u00e7in genellikle yakla\u015f\u0131k VKG form\u00fcl\u00fc kullan\u0131l\u0131r:<\/p>\n<p>\\[ YTM \\approx \\frac{C + \\frac{F - P}{n}}{\\frac{F + P}{2}} \\]<\/p>\n<p>Bu form\u00fcl, vadedeki kazan\u00e7 ya da kayb\u0131 elde tutma s\u00fcresine e\u015fit da\u011f\u0131t\u0131r ve yat\u0131r\u0131lan sermayeyi ortalamalar. Nominal de\u011fere yak\u0131n i\u015flem g\u00f6ren uzun vadeli tahviller i\u00e7in makul derecede isabetlidir; ancak hesaplama arac\u0131 her zaman yinelemeli y\u00f6ntemle \u00e7\u00f6z\u00fclen kesin oran\u0131 verir.<\/p>\n<p>\r\n<\/section>\n<style id=\"wpcoderpro-inline-2\">.calculation-box {\r\n\tborder-bottom: none !important;\r\n}<\/style><section id=\"calculation\" class=\"calculation-box\" aria-labelledby=\"calculation-title\">\r\n\t<div id=\"calculation-title\" class=\"not-prose font-display\"><span class=\"icon icon-unordered-list\" aria-hidden=\"true\"><\/span><h2>Vadeye Kadar Getiri (VKG) \u2013 \u00d6rnek Hesaplama<\/h2><\/div>\r\n\r\n<\/p>\n<p><strong>\u00d6rnek:<\/strong> bir tahvil 950 $'dan i\u015flem g\u00f6r\u00fcyor, y\u0131ll\u0131k 50 $ kupon \u00f6d\u00fcyor, nominal de\u011feri 1.000 $ ve 10 y\u0131l i\u00e7inde vadesi doluyor.<\/p>\n<p>\\[ 950 = \\sum_{t=1}^{10} \\frac{50}{(1 + r)^t} + \\frac{1000}{(1 + r)^{10}} \\]<\/p>\n<p>Bu denklemin \\(r\\) i\u00e7in yinelemeli \u00e7\u00f6z\u00fcm\u00fc:<\/p>\n<p>\\[ r \\approx 0.0567 \\]<\/p>\n<p><strong>Sonu\u00e7:<\/strong> vadeye kadar getiri y\u0131lda yakla\u015f\u0131k <strong>%5,67<\/strong> seviyesindedir.<\/p>\n<p>Kar\u015f\u0131la\u015ft\u0131rma i\u00e7in yakla\u015f\u0131k form\u00fcl \\(\\frac{50 + (1000 - 950)\/10}{(1000 + 950)\/2} = 5.64\\%\\) sonucunu verir; kesin yan\u0131ta yak\u0131n, ancak biraz daha d\u00fc\u015f\u00fckt\u00fcr.<\/p>\n<p>\n\r\n<\/section>\n<h2>Hesaplama Arac\u0131 Nas\u0131l Kullan\u0131l\u0131r?<\/h2>\n<ol>\n<li><strong>Tahvilin G\u00fcncel Fiyat\u0131n\u0131<\/strong> girin \u2014 bug\u00fcn piyasada tahvil i\u00e7in fiilen \u00f6deyece\u011finiz fiyat (\u00f6rn. 950).<\/li>\n<li><strong>Kupon \u00d6demesini (Y\u0131ll\u0131k)<\/strong> girin \u2014 tahvilin y\u0131lda \u00f6dedi\u011fi toplam faiz tutar\u0131 (\u00f6rn. 1.000 $'l\u0131k bir tahvilde %5 kupon i\u00e7in 50).<\/li>\n<li><strong>Tahvilin Nominal De\u011ferini<\/strong> girin \u2014 vadede geri \u00f6denecek tutar; kurumsal tahvillerde genellikle 1.000 $'d\u0131r.<\/li>\n<li><strong>Kalan Vade Y\u0131l\u0131n\u0131<\/strong> girin \u2014 tahvilin vadesine kalan tam y\u0131l say\u0131s\u0131.<\/li>\n<li><strong>Vadeye Kadar Getiri (VKG)<\/strong> sonucunu y\u0131ll\u0131k y\u00fczde oran\u0131 olarak okuyun.<\/li>\n<\/ol>\n<p>T\u00fcm girdiler pozitif olmal\u0131d\u0131r; herhangi bir de\u011fer s\u0131f\u0131r ya da negatifse hesaplama arac\u0131 hata verir. Kupon oran\u0131n\u0131 de\u011fil, y\u0131ll\u0131k toplam kupon tutar\u0131n\u0131 kullan\u0131n \u2014 1.000 $ nominal de\u011ferli bir tahvilde %5 kupon, 5 de\u011fil 50 girmek anlam\u0131na gelir.<\/p>\n<h2>Vadeye Kadar Getiri Nedir?<\/h2>\n<p>Vadeye kadar getiri, bir tahvilin t\u00fcm gelecek nakit ak\u0131\u015flar\u0131n\u0131n bug\u00fcnk\u00fc de\u011ferini g\u00fcncel fiyat\u0131na e\u015fitleyen tek iskonto oran\u0131d\u0131r. Sade bir deyi\u015fle, tahvili bug\u00fcn sat\u0131n al\u0131p vadesine kadar tuttu\u011funuzda ve her kupon \u00f6demesini ayn\u0131 orandan yeniden yat\u0131raca\u011f\u0131n\u0131zda kazanaca\u011f\u0131n\u0131z y\u0131ll\u0131kland\u0131r\u0131lm\u0131\u015f toplam getiridir. Tahvil getirisi \u00fc\u00e7 kayna\u011f\u0131n tamam\u0131n\u0131 \u2014 kupon geliri, nominal de\u011fer geri \u00f6dendi\u011findeki kazan\u00e7 ya da kay\u0131p ve paran\u0131n zaman de\u011feri \u2014 kapsad\u0131\u011f\u0131 i\u00e7in VKG, farkl\u0131 fiyat, kupon ve vadelerdeki tahvilleri kar\u015f\u0131la\u015ft\u0131rman\u0131n standart \u00f6l\u00e7\u00fct\u00fcd\u00fcr.<\/p>\n<p>VKG fiyatla ters y\u00f6nde hareket eder. Nominal de\u011ferin alt\u0131nda i\u015flem g\u00f6ren (iskontolu) bir tahvilin VKG'si kupon oran\u0131ndan y\u00fcksektir; \u00e7\u00fcnk\u00fc vadede ald\u0131\u011f\u0131n\u0131z 1.000 $ ile \u00f6dedi\u011finiz daha d\u00fc\u015f\u00fck fiyat aras\u0131ndaki fark\u0131 da kazan\u0131rs\u0131n\u0131z. Nominal de\u011ferin \u00fczerinde i\u015flem g\u00f6ren (primli) bir tahvilin VKG'si ise kupon oran\u0131n\u0131n alt\u0131ndad\u0131r. Yukar\u0131daki \u00f6rnekte %5 kuponlu, 950 $'dan i\u015flem g\u00f6ren iskontolu tahvil %5,67 getiri sa\u011flar \u2014 fazladan getiri, 50 $'l\u0131k sermaye kazanc\u0131n\u0131n on y\u0131la yay\u0131lmas\u0131ndan gelir.<\/p>\n<p>VKG, kuponlar\u0131n ayn\u0131 orandan yeniden yat\u0131r\u0131ld\u0131\u011f\u0131n\u0131 ve ihra\u00e7\u00e7\u0131n\u0131n temerr\u00fcde d\u00fc\u015fmedi\u011fini ya da tahvili erken geri \u00e7a\u011f\u0131rmad\u0131\u011f\u0131n\u0131 varsayar. Bu nedenle bir <em>vaat edilen<\/em> getiri, garanti edilen bir getiri de\u011fildir. Yat\u0131r\u0131mlar\u0131 kar\u015f\u0131la\u015ft\u0131r\u0131rken VKG, tahviller i\u00e7in hisselerdeki <a href=\"https:\/\/wpcalc.com\/tr\/finans\/bilesik-yillik-buyume-orani\/\">bile\u015fik y\u0131ll\u0131k b\u00fcy\u00fcme oran\u0131 (CAGR)<\/a> ile birikim hesaplar\u0131ndaki <a href=\"https:\/\/wpcalc.com\/tr\/finans\/yillik-yuzde-getiri\/\">y\u0131ll\u0131k y\u00fczde getiri (APY)<\/a> ile ayn\u0131 rol\u00fc oynar: farkl\u0131 enstr\u00fcmanlar\u0131 kar\u015f\u0131la\u015ft\u0131r\u0131labilir k\u0131lan y\u0131ll\u0131kland\u0131r\u0131lm\u0131\u015f bir g\u00f6sterge.<\/p>\n<h2>Fiyat ile VKG Aras\u0131ndaki \u0130li\u015fki<\/h2>\n<table>\n<thead>\n<tr>\n<th>Tahvil fiyat\u0131<\/th>\n<th>Nominal de\u011fere g\u00f6re konumu<\/th>\n<th>VKG ile kupon oran\u0131<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Fiyat &lt; Nominal de\u011fer<\/td>\n<td>\u0130skonto<\/td>\n<td>VKG &gt; kupon oran\u0131<\/td>\n<\/tr>\n<tr>\n<td>Fiyat = Nominal de\u011fer<\/td>\n<td>Par de\u011ferde<\/td>\n<td>VKG = kupon oran\u0131<\/td>\n<\/tr>\n<tr>\n<td>Fiyat &gt; Nominal de\u011fer<\/td>\n<td>Prim<\/td>\n<td>VKG &lt; kupon oran\u0131<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Bu ters ili\u015fki tahvil yat\u0131r\u0131m\u0131n\u0131n temelidir: piyasa faiz oranlar\u0131 y\u00fckseldi\u011finde mevcut tahvil fiyatlar\u0131 d\u00fc\u015fer (VKG'leri piyasa d\u00fczeyine \u00e7\u0131kar), tersi durumda ise y\u00fckselir.<\/p>\n<h2>Varsay\u0131mlar ve S\u0131n\u0131rlamalar<\/h2>\n<ul>\n<li><strong>Vadeye kadar tutma:<\/strong> VKG, tahvilin vadesine kadar tutuldu\u011fu varsayar. Daha \u00f6nce satarsan\u0131z, ger\u00e7ekle\u015fen getiriniz o g\u00fcnk\u00fc piyasa fiyat\u0131na ba\u011fl\u0131d\u0131r ve \u00f6nemli \u00f6l\u00e7\u00fcde farkl\u0131 olabilir.<\/li>\n<li><strong>Kuponun yeniden yat\u0131r\u0131lmas\u0131:<\/strong> t\u00fcm kuponlar\u0131n VKG'nin kendisiyle yeniden yat\u0131r\u0131ld\u0131\u011f\u0131 varsay\u0131l\u0131r. Yeniden yat\u0131r\u0131m oranlar\u0131 daha d\u00fc\u015f\u00fckse, ger\u00e7ekle\u015fen getiriniz daha d\u00fc\u015f\u00fck olur.<\/li>\n<li><strong>Y\u0131ll\u0131k kuponlar:<\/strong> hesaplama arac\u0131 y\u0131lda bir kupon \u00f6demesi varsayar. Pek \u00e7ok tahvil y\u0131lda iki kez \u00f6deme yapar; bunlar i\u00e7in kuponu ikiye b\u00f6l\u00fcn ve d\u00f6nem say\u0131s\u0131n\u0131 ikiye katlayarak kar\u015f\u0131la\u015ft\u0131r\u0131labilir bir alt\u0131 ayl\u0131k getiri bulun, sonra kaba bir y\u0131ll\u0131k de\u011fer i\u00e7in ikiye katlay\u0131n.<\/li>\n<li><strong>Temerr\u00fct ya da geri \u00e7a\u011f\u0131rma yok:<\/strong> hesaplama, kredi riskini ve geri \u00e7a\u011f\u0131rma h\u00fck\u00fcmlerini yok sayar. Geri \u00e7a\u011fr\u0131labilir bir tahvil erken geri \u00f6denebilir ve bu, varsay\u0131lan nakit ak\u0131\u015flar\u0131n\u0131 k\u0131salt\u0131r. En k\u00f6t\u00fc durum erken geri \u00f6deme getirisi i\u00e7in yerine vadeye kadar \u00e7a\u011fr\u0131 getirisi (yield to call) kullan\u0131n.<\/li>\n<li><strong>Vergi ve masraflar \u00f6ncesi:<\/strong> VKG vergi \u00f6ncesi, br\u00fct bir g\u00f6stergedir; i\u015flem maliyetleri ve kuponlardaki gelir vergisi ger\u00e7ekle\u015fen getiriyi d\u00fc\u015f\u00fcr\u00fcr.<\/li>\n<\/ul>\n<p>Ters y\u00f6nde \u00e7al\u0131\u015fmak \u2014 belirli bir zorunlu getiri d\u00fczeyinde bir tahvilin de\u011ferini bulmak \u2014 isterseneniz <a href=\"https:\/\/wpcalc.com\/tr\/finans\/tahvil-bugunku-degeri\/\">Tahvil Bug\u00fcnk\u00fc De\u011fer hesaplama arac\u0131n\u0131<\/a> kullan\u0131n. VKG'nin ard\u0131ndaki ayn\u0131 iskonto mant\u0131\u011f\u0131, genel yat\u0131r\u0131m de\u011ferlendirmesinde kullan\u0131lan <a href=\"https:\/\/wpcalc.com\/tr\/finans\/net-bugunku-deger\/\">Net Bug\u00fcnk\u00fc De\u011fer (NBD)<\/a> y\u00f6nteminin de temelidir.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bir tahvilin g\u00fcncel fiyat\u0131, y\u0131ll\u0131k kupon \u00f6demesi, nominal de\u011feri ve kalan vade y\u0131l\u0131ndan Vadeye Kadar Getirisini (VKG) hesaplay\u0131n. VKG, tahvili vadesine kadar elde tutarak kazanaca\u011f\u0131n\u0131z toplam y\u0131ll\u0131kland\u0131r\u0131lm\u0131\u015f getiridir.<\/p>\n","protected":false},"author":3168,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[48],"class_list":["post-844","post","type-post","status-publish","format-standard","hentry","category-finans","tag-faiz"],"acf":[],"_links":{"self":[{"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/posts\/844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/users\/3168"}],"replies":[{"embeddable":true,"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/comments?post=844"}],"version-history":[{"count":4,"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/posts\/844\/revisions"}],"predecessor-version":[{"id":3495,"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/posts\/844\/revisions\/3495"}],"wp:attachment":[{"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/media?parent=844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/categories?post=844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wpcalc.com\/tr\/wp-json\/wp\/v2\/tags?post=844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}