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Cost of dobt. Kenny Enterprises has just issued a bond with a par value of $1,000, a maturity of twenty years, and a coupon rate

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Cost of dobt. Kenny Enterprises has just issued a bond with a par value of $1,000, a maturity of twenty years, and a coupon rate of 8.3% with serriannual paymonts What is the cost of dobt for Kenny Enterprises if the bond sells at the following pricos? What do you notice about the price and the cost of debt? a. $970.67 b. $1,000.00 c. $1,080.03 d. $1,136,46 a. What is the cost of debt for Kenny Enterprises if the bond sells at $970.67? (Round to two decimal places.)

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