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B11-5 (static) Question Help Cost of debt with fees. Kenny Enterprises will issue a bond with a par value of $1,000, a maturity of twenty

B11-5 (static) Question Help Cost of debt with fees. Kenny Enterprises will issue a bond with a par value of $1,000, a maturity of twenty years, and a coupon rate of 8.0% with semiannual payments, and will use an investment bank that charges $25 per bond for its services. What is the cost of debt for Kenny Enterprises at the following market prices? a. $920 b. $1,000 c. $1,080 d. $1,173 a. What is the cost of debt for Kenny Enterprises at a market price of $920? % (Round to two decimal places.)

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