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Cost of debt with fees. Kenny Enterprises will issue a bond with a par value of ?$1000?, a maturity of twenty? years, and a coupon

Cost of debt with fees. Kenny Enterprises will issue a bond with a par value of ?$1000?, a maturity of twenty? years, and a coupon rate of 10.9?% 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.$914.62

b.$1,005.63

c.$,1057.45

d.?$1,168.13

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