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Two bonds have par values of $ 1 , 0 0 0 . One is a 4 . 5 % , 1 8 - year

Two bonds have par values of $1,000. One is a 4.5%,18-year bond priced to yield 8.0%. The other is a(n)7.5%,20-year bond priced to yield 4.5%. Which of these two has the lower price? (Assume annual compounding in both cases.)
The price, PV, of the 4.5%,18-year bond is $ (Round to the nearest cent.)
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