Does anyone know why the fee or commission for buying a bond is not part of the numerous bond calculators available on line? I know that the calculation of the ytm is a way to compare bonds, but it seems that what I actually pay out to buy the bond includes a fee and that alters my REAL ytm.Should I take the fee (commission) and divide it among the bonds? E.g., Schwab charges $5 per 1000, so I would add $5 to the price of each $1000 bond? (If the price per $1000 bond is 98, add 98 + 5 = 103?) It could be I am not thinking about this correctly, so any help would be appreciated!
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