Example: Bond Yield - Odd Long First Coupon

This example calculates the yield of an odd long first coupon.
Settlement 11/11/1992
Maturity 03/01/2005
Issue date 06/15/1992
First Coupon 03/01/1993
Rate 0.0935
Price 112.478106
Redemption Value 100.0
Payment Frequency Bond.SEMIANNUAL
Day Count Basis DayCountBasis.BasisActualActual 

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

public class OddLongFirstCoupYieldEx {

    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 issue = parse("06/15/1992");
        GregorianCalendar firstCoupon = parse("03/01/1993");
        double yield = Bond.yield(settlement, maturity, issue, firstCoupon,
                0.0935, 112.478106, 100.0, Bond.SEMIANNUAL,
                DayCountBasis.BasisActualActual);
        System.out.println("The yield is " + yield);
    }
}

Output

The yield is 0.07750000027421643
Link to Java source.