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Cost of debt with fees. Kenny Enterprises will issue a bond with a par value of ( $ 1,000 ), a maturity of twenty years,
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 \8.9 with semiannual payments, and will use an investment bank that charges \\( \\$ 20 \\) per bond for its services. What is the cost of debt for Kenny Enterprises at the following market prices? a. \\( \\$ 944.99 \\) b. \\( \\$ 993.68 \\) c. \\( \\$ 1,091.34 \\) d. \\( \\$ 1,188.11 \\) a. What is the cost of debt for Kenny Enterprises at a market price of \\( \\$ 944.99 \\) ? \ (Round to two decimal places.)
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