Example: Bond Yield - Odd Short Last Coupon

This example calculates the yield of an odd short last coupon with multiple coupon period to redemption.
Settlement 02/25/1993
Maturity 06/01/2005
Last Coupon 12/15/2004
Rate 0.06875
Price 96.974120
Redemption Value 100.0
Payment Frequency Bond.SEMIANNUAL
Day Count Basis DayCountBasis.Basis30e360

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

public class OddShortLastMultiCoupYieldEx {

    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("02/25/1993");
        GregorianCalendar maturity = parse("06/01/2005");
        GregorianCalendar lastCoupon = parse("12/15/2004");
        double yield = Bond.yield(settlement, maturity, lastCoupon, 0.06875,
                96.974120, 100.0, Bond.SEMIANNUAL,
                DayCountBasis.Basis30e360);
        System.out.println("The yield is " + yield);
    }
}

Output

The yield is 0.07250000052203028
Link to Java source.