2 NM A B C Consider the following newly issued bonds: A coupon bearing bond, a zero coupon bond, and a perpetuity. 4 Inputs 5 Settlement Date 6 Maturity Date Kimball Industries Coupon Bond 01-01-2020 01-01-2040 Blake & Associates Zero-Coupon Bond PJ Financial Perpetual Bond 01-01-2020 01-01-2020 01-01-2040 Indefinite/Infinite 7 Coupon Rate 0.020 0 0.025 Face Value 9 Coupons per Year 100 2 100 100 2 1 10 11 Market Data 12 Yield 0.075 14 Required: 15 16 Using any necessary data above, calculate the Macaulay Duration of each bond. Then, use the Macaulay Duration to solve for the Modified Duration. 17 (Use cells A5 to D12 from the given information to complete this question.) 18 6T 20 Price 21 Macaulay Duration 22 Modified Duration Kimball Industries Coupon Bond Blake & Associates Zero-Coupon Bond PJ Financial Perpetual Bond

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