Two bonds have par values of $1,000, One is a 6%,19 year bond pecced to...
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Two bonds have par values of $1,000, One is a 6%,19 year bond pecced to yold 9.0%. The other is a(n) 7.5%, 23-year bond priced to yield 4.5%. Which of these two has the lower price? (Assum arnual compounding in both cases-) The price, PV, of the 6%, to year bond is 3 (Round to the nearest cent.)
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