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Cost of debt. Kenny Enterprises has just issued a bond with a par value of $1,000, a maturty of tweety years, and a coupon rate

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Cost of debt. Kenny Enterprises has just issued a bond with a par value of $1,000, a maturty of tweety years, and a coupon rate of 9.4% with somiannual payments. What is the cost of det for Kenny Enterprises if the bond sells at the following prices? What do you notice about the price and the cost of debr? a. $970.30 b. $1,000.00 c. $1,061,79 d. $1,19289 a. What in the cost of debt for Konny Enterprises if the bond sels at $970.30 ? (Round to two decimal places.)

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