package com.imsl.test.example.finance;

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

/**
 * <p>Computes the price of a bond with an odd short first
 * coupon.
 * </p>
 *
* This example calculates the price of an odd short first coupon with the
 * following settings:
 * <table>
 * <tr><td width="150pt">Settlement</td><td>11/11/1992</td></tr>
 * <tr><td>Maturity</td><td>03/01/2005</td></tr>
 * <tr><td>Issue date</td><td>10/15/1992</td></tr>
 * <tr><td>First Coupon</td><td>03/01/1993</td></tr>
 * <tr><td>Rate</td><td>0.0785</td></tr>
 * <tr><td>Yield</td><td>0.0625</td></tr>
 * <tr><td>Redemption Value</td><td>100.0</td></tr>
 * <tr><td>Payment Frequency</td><td>Bond.SEMIANNUAL</td></tr>
 * <tr><td>Day Count Basis</td><td>DayCountBasis.BasisActualActual</td></tr>
 * </table>
 * 
 * @see <a href="BondPriceEx5.java">Code</a>
 * @see <a href="doc-files/BondPriceEx5.out">Output</a>
 */
public class BondPriceEx5 {

    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("11/11/1992");
        GregorianCalendar maturity = parse("03/01/2005");
        GregorianCalendar issueDate = parse("10/15/1992");
        GregorianCalendar firstCoupon = parse("03/01/1993");
        double price = Bond.price(settlement, maturity, issueDate,
                firstCoupon, 0.0785, .0625, 100.0, Bond.SEMIANNUAL,
                DayCountBasis.BasisActualActual);
        System.out.println("The price is " + price);
    }
}