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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, and a coupon
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 9.9% 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. $951.44 b. $997.94 c. $1,069.36 d. $1,183.57 a. What is the cost of debt for Kenny Enterprises at a market price of $951.44? 0% (Round to two decimal places.) b. What is the cost of debt for Kenny Enterprises at a market price of $997.94? % (Round to two decimal places.) c. What is the cost of debt for Kenny Enterprises at a market price of $1,069.36? % (Round to two decimal places.) d. What is the cost of debt for Kenny Enterprises at a market price of $1,183.57? % (Round to two decimal places.) Enter your answer in each of the answer boxes
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