A 10 year Treasury bond with an 8% coupon rate should sell for ____ a 10 year Treasury bond with a 12% coupon rate, while everything else being equal.

A 10 year Treasury bond with an 8% coupon rate should sell for ____ a 10 year Treasury bond with a 12% coupon rate, while everything else being equal. 



A) less than
B) more than
C) the same as
D) indeterminate




Answer: A


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