How is a loan obtained through a pawnshop typically off? a. in multiple payments, and collateral is retuned b. in a single payment, and the collateral is returned. c. the lender sells the item to pay off the interest. d. the lender cashes a postdated check.

Lycan, inc., has 7.5 percent coupon bonds on the market that have 8 years left to maturity. the bonds make annual payments and have a par value of $1,000. if the ytm on these bonds is 9.5 percent, what is the current bond price? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) current bond price