Multiple Choice
An investor purchased a 10-year government bond with a fixed annual payment of $50 when it was first issued for $1,000. A year later, newly issued bonds with similar risk and maturity are offering a higher return to investors. What is the most likely effect on the market price of the original bond?
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Updated 2026-05-02
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Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ