An investor has two bonds in his portfolio that have a face value of $1,000 and pay a 9% annual coupon. Bond L matures in 12 years, while Bond S matures in 1 year.

1. What will the value of the Bond L be if the going interest rate is 5%, 6%, and 10%? Assume that only one more interest payment is to be made on Bond S at its maturity and that 12 more payments are to be made on Bond L. Round your answers to the nearest cent.