Michelle transfers $4,000 from her savings account to her checking account. What effect is this change likely to have on M1 and M2? rev: 06_06_2018 Multiple Choice M1 decreases and M2 increases. M1 increases and M2 decreases. M1 increases and M2 stays the same. M2 increases and M1 stays the same.

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