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Ashley Software Inc. is trying to sell new bonds to the market at par. It sets the coupon rate at 11%. The bonds have 30

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Ashley Software Inc. is trying to sell new bonds to the market at par. It sets the coupon rate at 11%. The bonds have 30 years to maturity. What must the bond price be if the market cooperates with what it wants to sell for? $1000 Below $1000 Not enough information Above $1000

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