Desert, Inc., has outstanding a $2,000,000, 8%, 10-year bond which was sold on January 1, 20x1, at a price of $1,840,000.On January 2, 20x5, the market price for these bonds is now 101 .Which direction have market interest rates moved since they were initially issued?

Interest rates have increased

Interest rates have decreased

Interest rates have remained constant

Not enough information to determine