package com.imsl.test.example.finance;

import com.imsl.finance.*;
import java.text.*;
import java.util.*;
/**
 * <p>Computes the discount rate for a security.</p>
 * 
 * 
 * @see <a href="BondDiscEx1.java">Code</a>
 * @see <a href="doc-files/BondDiscEx1.out">Output</a>
 */

public class BondDiscEx1 {

    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 settlement = parse("2/15/92");
        GregorianCalendar maturity = parse("6/10/92");
        double price = 97.975;
        double redemption = 100.;
        DayCountBasis dcb = DayCountBasis.BasisActual365;
        double disc = Bond.disc(settlement, maturity, price, redemption, dcb);
        System.out.println("The discount rate for the security is " + disc);
    }
}