Q1: Suppose a 7-yr semiannual bond with $1,000 par has 7% coupon rate. Calculate the payment of each coupon.

Q2: Price a 2-yr 3.6% semiannual coupon bond with a par value of $100. Yield to maturity (discount rate) of the bond is 6.8%.

Q3: Suppose the value of your bond portfolio is $500,000. It has a duration of 11.5 years. In 2 months, the interest rate increases by 0.37%. Estimate how much your bond portfolio will be worth in 2 months. (margin for error: +/- 500)