Two bonds have par values of $1,000. One is a 5.5%, 20-year bond priced to yield 8.5%. The other is a(n) 7%, 24-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 5.5%, 20-year bond is $ . (Round to the nearest cent.) The price, PV, of the 7%, 24-year bond is $ . (Round to the nearest cent.) Which of these two has the lower price? (Select the best answer below.) The 5.5%, 20-year bond has lower price of $716.10. The 7%, 24-year bond has lower price of $716.10. O