Over the long term, the return from bonds consists mainly of the interest income that bonds generate. For that reason, it is important to know how to calculate bond yields. In the presentation, we learn how to calculate current yield, yield-to-maturity, and yield-to-call. We also learn how to calculate taxable-equivalent for tax-exempt municipal bonds. Yes, I know, it is not very exciting, but it is important, especially if you are a bond or potential bond investor.