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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 of

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 $30 per bond for its services. What is the cost of debt for Kenny Enterprises at the following market prices?
a.$979.68
b.$1010.92
c.$1094.58
d.$1132.26

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