Two bonds have par values of​ $1,000. One is a 6​%, 20​-year bond priced to yield 8.0​%. The other is​ a(n) 8.5​%, 22​-y

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answerhappygod
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Two bonds have par values of​ $1,000. One is a 6​%, 20​-year bond priced to yield 8.0​%. The other is​ a(n) 8.5​%, 22​-y

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Two bonds have par values of​ $1,000. One is a 6​%,20​-year bond priced to yield 8.0​%. The other is​ a(n) 8.5​%,22​-year bond priced to yield 4.5​%. Which of these two has thelower​ price? (Assume annual compounding inboth​ cases.)
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