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. Two bonds have par values of $1,000. One is a 5%, 15-year bond priced to yield 8.0%. The other is a(n) 8.5%, 23-year bond

. Two bonds have par values of $1,000. One is a 5%, 15-year bond priced to yield 8.0%. The other is a(n) 8.5%, 23-year bond priced to yield 4.5%. Which of these two has the lower price? (Assume annu...

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