Example: Price of a Security that Pays at Maturity

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

public class pricematEx1 {

    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("8/1/85");
        GregorianCalendar maturity = parse("7/1/86");
        GregorianCalendar issue = parse("7/1/85");
        double rate = .05;
        double yield = .05;
        DayCountBasis dcb = DayCountBasis.BasisNASD;
        double pricemat = Bond.pricemat(settlement, maturity, issue,
                rate, yield, dcb);
        System.out.println("The price of the bond is " + pricemat);
    }
}

Output

The price of the bond is 99.98173970783533