Two bonds have par values of? $1,000. One is a 6?%, 10?-year bond priced to yield 8.5?%. The other is? a(n) 9?%, 23?-year bond priced to yield 6.0?%. Which of these two has the lower? price? (Assume annual compounding in both? cases.)

The? price, PV?, of the 6?%, 10?-year bond is ------?$ (Round to the nearest? cent.)

The? price, ?PV, of the 9?%, 23?-year bond is --------?$? (Round to the nearest? cent.)

Which of these two has the lower? price????(Select the best answer? below.)

The 6 % 10 dash year bond has lower price of $ 835.97 .

The 9 % 23 dash year bond has lower price of $ 835.97 .