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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 $ a maturity of twenty years, and a coupon rate of with semiannual payments, and will use an investment bank that charges $ per bond for its services. What is the cost of debt for Kenny Enterprises at the following market prices?
a$
b$
c$
d$
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