$(2$ points$)$ A bond has an annual coupon rate of $8\%,$ a current price of $$1,120,$ and a par value of $$1,000.$ Is the yield$-$to$-$maturity greater than or less than $8\%?$

$(2$ points$)$ As a premium coupon bond approaches maturity, will the price of the bond increase or decrease if the yield$-$to$-$maturity doesn't change?

$(2$ points$)$ In general, what happens to bond prices when interest rates decrease?