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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 rate
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 11.7% 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.$980.70 b.$995.96 c.$1,055.52 d.$1,125.83
a. What is the cost of debt for Kenny Enterprises at a market price of $980.70?
and etc. for rest of numbers.
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