package com.imsl.test.example.finance;

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

/**
 * <p>
 * Computes the price of a discounted 1 year bond.</p>
 * The price of a discounted 1 year bond is returned in this example.
 *
 *
 * @see <a href="BondPriceyieldEx1.java">Code</a>
 * @see <a href="doc-files/BondPriceyieldEx1.out">Output</a>
 */

public class BondPriceyieldEx1 {

    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 yield = 0.010055244588347783;
        double redemption = 105.;
        DayCountBasis dcb = DayCountBasis.BasisNASD;
        double priceyield = Bond.priceyield(settlement, maturity,
                yield, redemption, dcb);
        System.out.println("The price of the discounted bond is "
                + priceyield);
    }
}