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Cost of debt. Kenny Enterprises has just issued a bond with a par value of $1,000, a maturity of twenty years, and a coupon rate
Cost of debt. Kenny Enterprises has just issued a bond with a par value of $1,000, a maturity of twenty years, and a coupon rate of 10.4% with semiannual payments. What is the cost of debt for a Kenny Enterprises if the bond sells at the following prices? What do you notice about the price and the cost of debt? a. $935.90 b. $1,000.00 c. $1,058.56 d. $1,133.89 a. What is the cost of debt for Kenny Enterprises if the bond sells at $935.90? % (Round to two decimal places.)
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