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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 8.7% 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 following market prices?
a. $922.13
b. $1,004.64
c. $1,128.39
d. $1,176.87
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