Question: Problems Two bonds have par values of $ 1 , 0 0 0 . One is a 6 % , 2 0 - year bond

Problems
Two bonds have par values of $1,000. One is a 6%,20-year bond priced to yield 7%. The other is an 8%,25- year bond priced to yield 5%. Which of these has the lower price? (Assume annual compounding in both cases.)
Problems Two bonds have par values of $ 1 , 0 0 0

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