package com.imsl.test.example.finance;

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

/**
 * <p>
 * Computes the discount rate of a 10 year bond.</p>
 * The discount rate of a 10 year bond is returned in this example.
 *
 *
 * @see <a href="BondIntrateEx1.java">Code</a>
 * @see <a href="doc-files/BondIntrateEx1.out">Output</a>
 */

public class BondIntrateEx1 {

    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("7/1/85");
        GregorianCalendar maturity = parse("7/1/95");
        double investment = 7000.;
        double redemption = 10000.;
        DayCountBasis dcb = DayCountBasis.BasisActual365;
        double intrate = Bond.intrate(settlement, maturity, investment,
                redemption, dcb);
        System.out.println("The interest rate of the bond is " + intrate);
    }
}