P11-3 (similar to) : Question Help Cost of debt. Kenny Enterprises has just issued a bond with a par value of $1,000, a maturity of twenty years, and a coupon rate of 9.2% with semiannual payments. What is the cost of debt for Kenny Enterprises if the bond sells at the following prices? What do you notice about the price and the cost of debt? a. $920.12 b. $1,000.00 c. $1,078.91 d. $1,217.59 a. What is the cost of debt for Kenny Enterprises if the bond sells at $920.12? | % (Round to two decimal places.) P11-5 (similar to) Question Help 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 12.4% 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 the following market prices? a. $983.25 b. $1,012.66 c. $1,080.28 d. $1,157.78 a. What is the cost of debt for Kenny Enterprises at a market price of $983.25? (Round to two decimal places.) P11-7 (similar to) Question Help Cost of preferred stock. Kyle is raising funds for his company by selling preferred stock. The preferred stock has a par value of $117 and a dividend rate of 6.5%. The stock is selling for $92.68 in the market. What is the cost of preferred stock for Kyle? What is the cost of preferred stock for Kyle? % (Round to two decimal places.) Cost of preferred stock. Kyle is raising funds for his company by selling preferred stock. The preferred stock has a par value of $111 and a dividend rate of 6.3% The stock is selling for $84.47 in the market. Kyle hires Wilson Investment Bankers to sell the preferred stock. Wilson charges a fee of 1% on the sale of preferred stock. What is the cost of preferred stock for Kyle using the investment banker? What is the cost of preferred stock for Kyle using the investment banker? % (Round to two decimal places.) P11-3 (similar to) : Question Help Cost of debt. Kenny Enterprises has just issued a bond with a par value of $1,000, a maturity of twenty years, and a coupon rate of 9.2% with semiannual payments. What is the cost of debt for Kenny Enterprises if the bond sells at the following prices? What do you notice about the price and the cost of debt? a. $920.12 b. $1,000.00 c. $1,078.91 d. $1,217.59 a. What is the cost of debt for Kenny Enterprises if the bond sells at $920.12? | % (Round to two decimal places.) P11-5 (similar to) Question Help 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 12.4% 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 the following market prices? a. $983.25 b. $1,012.66 c. $1,080.28 d. $1,157.78 a. What is the cost of debt for Kenny Enterprises at a market price of $983.25? (Round to two decimal places.) P11-7 (similar to) Question Help Cost of preferred stock. Kyle is raising funds for his company by selling preferred stock. The preferred stock has a par value of $117 and a dividend rate of 6.5%. The stock is selling for $92.68 in the market. What is the cost of preferred stock for Kyle? What is the cost of preferred stock for Kyle? % (Round to two decimal places.) Cost of preferred stock. Kyle is raising funds for his company by selling preferred stock. The preferred stock has a par value of $111 and a dividend rate of 6.3% The stock is selling for $84.47 in the market. Kyle hires Wilson Investment Bankers to sell the preferred stock. Wilson charges a fee of 1% on the sale of preferred stock. What is the cost of preferred stock for Kyle using the investment banker? What is the cost of preferred stock for Kyle using the investment banker? % (Round to two decimal places.)
