Depreciation expense in the declining-balance method is calculated by the depreciation rate

a. plus book value at end of year.

b. divided by book value at beginning of year.

c. times book value at beginning of year.

d. times accumulated depreciation at year end.

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