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 10.8% 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. $972.86 b. $1,007.37 c. $1,085.54 d. $1,131.79 a. What is the cost of debt for Kenny Enterprises at a market price of $972.86? % (Round to two decimal places.)