Overview, question 8 of 16, o complete Two bonds have par values of $1,000. One is a 6%, 18-year bond priced to yield 7.0%. The other is a(n) 8.5%, 25-year bond priced to yield 5.5%. Which of these two has the lower price? (Assume annual compounding in both cases) The price, PV, of the 6%, 18-year bond is $(Round to the nearest cent.) The price, PV, of the 8.5%, 25-year bond is $. (Round to the nearest cent.) Which of these two has the lower price? (Select the best answer below.) The 6%, 18-year bond has lower price of $899.41 The 8.5%, 25-year bond has lower price of $899.41