Two bonds have par values of $1,000. One is a 4%, 17-year bond priced to yield 7.0%. The other is a(n) 8%, 23-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 4%, 17-year bond is $ 635.13 (Round to the nearest cent.) The price, PV, of the 8%, 23-year bond is $ 1404.66. (Round to the nearest cent.) Which of these two has the lower price? (Select the best answer below.) The 8%, 23-year bond has lower price of $707.10. The 4%, 17-year bond has lower price of $707.10. A