package com.imsl.test.example.finance;

import com.imsl.finance.*;
import java.text.*;
import java.util.*;

/**
 * <p>
 * Computes the accrued interest on a bond paying semiannually.
 * </p>
 *
 * In this example, the accrued interest is calculated for a bond which pays
 * interest semiannually. The day count basis used is 30/360.
 *
 *
 * @see <a href="BondAccruedInterestEx1.java">Code</a>
 * @see <a href="doc-files/BondAccruedInterestEx1.out">Output</a>
 */
public class BondAccruedInterestEx1 {

    static final DateFormat dateFormat
            = DateFormat.getDateInstance(DateFormat.SHORT, Locale.US);

    static private GregorianCalendar parse(String s) throws ParseException {
        GregorianCalendar cal = new GregorianCalendar();
        cal.setTime(dateFormat.parse(s));
        return cal;
    }

    public static void main(String args[]) throws ParseException {
        GregorianCalendar issue = parse("10/1/91");
        GregorianCalendar firstCoupon = parse("3/31/92");
        GregorianCalendar settlement = parse("11/3/91");
        double rate = .06;
        double par = 1000.;
        int freq = Bond.SEMIANNUAL;
        DayCountBasis dcb = DayCountBasis.BasisNASD;
        double accrint = Bond.accrint(issue, firstCoupon, settlement, rate,
                par, freq, dcb);
        System.out.println("The accrued interest is " + accrint);
    }
}