Two bonds have par values of $1,000. One is a 6%, 20-year bond priced to yield 7.0%. The other is an) 8%, 25-year bond priced to yield 5.0%. Which of these two has the lower price? (Assume annual compounding in both cases.) The price, PV, of the 6%, 20-year bond is $. (Round to the nearest cent.) The price, PV, of the 8%, 25-year bond is $. (Round to the nearest cent.) Which of these two has the lower price? (Select the best answer below.) The 6%, 20-year bond has lower price of $894.06. The 8%, 25-year bond has lower price of $894.06