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Cost of debt with fees. Kenny Enterprises will issue a bond with a par value of $ 1 , 0 0 0 , a maturity

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 12.1% with semiannual payments, and will use
bank that charges $20 per bond for its services. What is the cost of debt for Kenny Enterprises at the following market prices?
a. $957.01
b. $1,007.43
c. $1,06098
d. $1,145.39
a. What is the cost of debt for Kenny Enterprises at a market price of $957.01?
TRound to two decimal places.)
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