1. How much would an investor expect to pay for a $1,000 par value bond with a 4% annual coupon that matures in 11 years if the interest rate is 10%?

2. How much should you pay for a $1,000 bond with 9% coupon, annual payments, and 5 years to maturity if the interest rate is 13%?

3. A bond is priced at $1,100, has 10 years remaining until maturity, and has a 9% coupon, paid semiannually. What is the amount of the next interest payment?